By: John Archibald
Al.com
09/30/2015
It’s good to be the king. The big blue king that rolls around on his pile of money and uses it to grab even more.
Think about it.
Just two years ago, the federal Department of Health and Human Services looked at the way Alabama reviewed health insurance rates, and said …
Ugh.
It doesn’t work. It is ineffective. And since Blue Cross Blue Shield of Alabama has a virtual monopoly on health insurance in the state, it meant Alabama regulatory reviews of Old Big Blue were just as …
Ugh. Ineffective.
And now look how far we’ve come.
The top 10 executives at Blue Cross Blue Shield have been very good to themselves in recent years, doubling their own pay between 2011 and 2013. In 2013 – the last year available — they each made more than a million bucks, a combined $19.2 million.