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Despite shortfalls, insurance company execs collect large bonuses – Rate increases likely
Health insurance companies that sold policies on the Montana Internet "marketplace" reported some substantial losses in 2014 – but that didn’t stop their executives from collecting some big bonuses.
Patricia Hemingway Hall, the head of Health Care Service Corp., which is the Illinois-based parent firm of Blue Cross and Blue Shield of Montana, received a $10.4 million bonus for 2014, on top of her $1.25 million salary, for total compensation of $11.7 million.
MIKE DENNISON IR State Bureau
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Health insurers reporting big losses on `marketplace’ policies; rate hikes likely
Health insurers selling individual policies on Montana’s Internet "marketplace" are reporting substantial losses for last year — and saying rate increases on marketplace policies are likely in store for next year.
Health-insurance companies had to guess at the cost of this new market, and it appears they guessed low, leading to losses in 2014.
MIKE DENNISON IR State Bureau
