Rhode Island's got the Blues. But the state's Blues plan isn't the only one drawing fire over its reserves, executive perks and compensation.
It's been a strained few months at Blue Cross and Blue Shield of Rhode Island. Outrage over corporate excess led to a flurry of reforms at the insurer, headed by Chairman Frank Montanaro, left, including banning loans to employees and dropping lavish perks. Other Blues have been catching flak for their burgeoning bottom lines, but executives say they need ample reserves since that's their only capital.
Benko
Laura B
LB
D000288:Administrative Personnel / Q000191:economics / Q000941:ethics; D054598:Blue Cross Blue Shield Insurance Plans / Q000191:economics* / Q000941:ethics; D003159:Community-Institutional Relations; D005249:Fees and Charges / Q000639:trends; D007182:Income / Q000639:trends; D009937:Organizational Objectives; D009939:Organizations, Nonprofit / Q000191:economics* / Q000941:ethics; D011639:Public Opinion; D012237:Rhode Island; D019464:Tax Exemption; D014481:United States