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In June 1998, Blue Cross of Washington and Alaska merged with Spokane's Medical Service Corporation under the name Premera Blue Cross. [4] In 2002, Premera's executives first informed Washington commissioner Mike Kreidler of their intent to convert from a non-profit to a for-profit joint-stock company. [5]
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]
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]
There are currently 10 stakeholder committees, technical advisory committees, or workgroups, including a technical advisory committee for key program areas including the navigator program, agents and brokers, health equity, and outreach. There are also three workgroups that address plan management, consumers, and tribal issues. [11]
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Cambia Health Solutions is a nonprofit health care company based in Portland, Oregon. [2] It is the parent company of Regence, a member of the Blue Cross Blue Shield Association operating in Oregon, Idaho, Utah, and Washington; Asuris Northwest Health; BridgeSpan Health; and LifeMap.
Providence Health & Services is a not-for-profit Catholic healthcare system headquartered in Renton, Washington.. The health system includes 51 hospitals, more than 800 non-acute facilities, and numerous assisted living facilities in the western half of the United States (Alaska, Washington, Oregon, California, Montana, New Mexico, and Texas).
Blue Cross Blue Shield Association, also known as BCBS, BCBSA, or The Blues, is a United States–based federation with 33 independent and locally operated BCBSA companies that provide health insurance to more than 115 million people in the U.S. as of 2022. [2] [3]