Lawsuit claims Regence BlueCross BlueShield no longer acting like nonprofit

Lawyers have filed a class-action lawsuit against Oregon nonprofit health insurer Regence BlueCross BlueShield, saying it is acting like a for-profit company by stockpiling excess funds that support large salaries rather than health care for policyholders. The suit lists Regence policyholder Tanya March and her two children as plaintiffs as well as Dischinger Orthodontics of Lake Oswego. Cambia Health Solutions, the parent company for Regence and its sister companies in Washington, Utah and Idaho, does not report total executive compensation that includes income from for-profit subsidiaries, making those figures difficult to ascertain. However, in 2012, Cambia CEO Mark Ganz told The Oregonian he earned $1.94 million.…river


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