Blue Cross to refund CEO s exit pay to clientsBlue Cross
Blue Cross to refund CEO s exit pay to clients
Blue Cross Blue Shield of Massachusetts, seeking to close the book on its widely criticized $11 million payout to former chief executive Cleve L. Killingsworth, yesterday said it will refund $4.2 million to customers, an amount equal to the severance portion of Killingsworth s pay package.
Blue Cross to refund ex-CEO s $4.2 m payout
State s largest health insurer says it will refund to customers $4.2 million, the same amount it paid in severance to its former chief executive Cleve Killingsworth.
Blue Cross to refund ex-CEO s $4.2 m payout
Blue Cross Blue Shield of Massachusetts says it will refund to customers $4.2 million, the same amount it paid in severance to its former chief executive.
Blue Cross wins big in repeal
In 2006, the South Carolina Legislature repealed a decades-old insurance code, stripping the state's authority to regulate discounting in contracts between hospitals and insurers.