What a pity that the Board did not think about how to minimize the inevitable negative reaction to such a severance agreement, never mind the negative public reaction to the fact that BCBS Board members get, shall we say, rather generous yearly compensation for their efforts, which seem to consist mostly of lending their experience and good reputations as successful business persons and community leaders to a health insurance company.
A non-profit health insurance company to be sure, but nevertheless a health insurance company that seems to increasingly decrease it’s enrollees’ coverage in direct relation to an increase in premiums. (Well it seems that way anyway.)
And that’s the rub – Blue Cross Blue Shield is a non profit company and they have to file all kinds of information with the federal government and the Massachusetts Secretary of State and the Massachusetts Attorney General and most of it can make them look bad, if printed on the front page of a newspaper.
Every non profit needs somebody on staff to go around and rip those blinders and earplugs off of the senior staff and the board and remind them that this country is going through a transparency epidemic and they need to think about how their actions and activities would look to their squinty eyed, jealous sister in law.
This press debacle will go away, but not soon and will be burped up into a third paragraph every time poor Andrew announces BCBS most recent data confirming their cost control successes.