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Premera was founded as Washington Hospital Service in 1933, [3] and began operating in Alaska in 1957. In 1969, the company's name was changed to Blue Cross of Washington and Alaska. [3] In June 1998, Blue Cross of Washington and Alaska merged with Spokane's Medical Service Corporation under the name Premera Blue Cross. [4]
The Seattle Times noted in 2012 that non-profit insurance companies, including Premera Blue Cross, Regence BlueShield, and Group Health, were stockpiling billions of dollars in reserves while increasing their rates at the same time. [10] On December 4, 2015, it was announced that Group Health would be acquired by Kaiser Permanente. [2]
The Exchange sustainability is tied to three funding sources established in statute: (1) the existing 2 percent tax on health insurance premiums sold through Washington Healthplanfinder; (2) reimbursement for activities performed on behalf of Washington Apple Health (the state's Medicaid program), and; (3) an agreed upon carrier assessment. The ...
In 1982, Blue Shield merged with The Blue Cross Association to form the Blue Cross and Blue Shield Association (BCBS). [11] Prior to 1986, organizations administering BCBS were tax exempt under 501(c)(4) as social welfare plans. The Tax Reform Act of 1986 revoked the exemption, however, because the plans sold commercial-type insurance.
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The following list of Washington companies includes notable companies that are, ... Premera Blue Cross; R. Rainier Mountaineering; Red Canoe Credit Union; Redfin;
The largest employer in the city Terrace is health insurance firm Premera Blue Cross, which has over 2,400 employees at its Mountlake Terrace headquarters. [91] [92] Another major employer is Umpqua Bank, which absorbed Sterling Bank and its Mountlake Terrace-based subsidiary Golf Savings Bank. [93] [94]
A medical director at Cigna admitted to me that he “absolutely” believes in it, while one from Premera Blue Cross deemed it “incredibly valuable.” The Premera director told me that she sends messages to clients in her private practice, but couldn’t see her company ever reimbursing people for individual texts or emails.