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Total Surplus
Total Surplus'
Not for profit health insurers have reserves of approximate two months claims and than on top of that they have total adjusted capital. Total adjusted capital is surplus. Historically surplus has been two months claims. As you can see the
Surplus Per Member
Surplus Per Member
For real comparisons you need to look at surplus per member. This takes into account if an organization is losing or gaining members. The surplus per member should increase no faster than medical inflation. Again compare Regence of Washington to Regence of Oregon . The national average is $500.
Revenue Per Member
Revenue Per Member
These charts show an ever increasing revenue per member, much faster than the rate of medical inflation in the State of
Claims Per Member
Claims Per Member
These charts show claims per member. These insurers have a much higher rate of claims increase than the medical inflation rate and twice the rate of the state employees self funded plan. As commissioner, I will find out why these companies have been mismanaging claims.
Finacial Profiles
Financial Profiles
These profiles compare our states three largest health insures to Regence of Oregon and Blue Cross of Michigan. The information to note is the Three Year Asset Trend and Medical Loss Ratio. Medical Loss ratio means for every dollar in premium how much goes to pay claims. Note that Washington State two Blues pay 10 percentage pionts less than the Michigan company. Why is that? Answer: That is how they raise surplus.
Regence Oregon | Blue Cross/Blue Shield | Group Health | Premera | Regence Washington | (These docs in .pdf Format)
For Immediate Release
Contact: Curtis L. Fackler
509-467-7392
509-939-1548
Fackler Files for Insurance Commissioner
Small business advocate Curtis Fackler has filed for
Curtis was first insurance license in 1986 and last year was named the Washington State Small Business Champion by the National Federation of Independent Business. He has testified against using credit scoring for insurance underwriting and believes there should not be taxes on health insurance premiums.
For NFIB/Washington, Fackler is a Leadership Council member, a member of its Political Action Committee, and the chairman of its education committee, as well as a Leadership Council member leader of its Spokane Area Action Council. He also has attended the past three NFIB National Small-Business Summits. His commitment to his community runs deep. He is the Washington Department of Labor & Industries' small-business representative for its Center for Occupation, Health & Education (COHE) and a past member of the Health Care Committee of the Spokane Chamber of Commerce. He has been a Boy Scout Master, foster parent, and still remains active as a parent volunteer for
Curtis spent eight years as a Captain in the Air Force as a B-52 navigator and holds a MBA in Finance and a bachelor degree in Marketing.
