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"The current economic climate means that rating agencies are giving extrascrutiny to the financial health of the companies they evaluate," said MarkGanz President and CEO of Regence. "Since A.M. Best's outlook for the healthinsurance industry generally has been less than positive, we are very proud ofthese results. Our members and the communities we serve can feel especiallyconfident about our ongoing ability to meet their needs."
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The rating for Regence BlueShield in Washington continues to be A("excellent") while Regence BlueCross BlueShield of Oregon, Regence BlueCrossBlueShield of Utah, Regence Life and Health Insurance Company, AsurisNorthwest Health and HealthWise maintained their previous ratings of A- (also"excellent"). Regence BlueShield of Idaho has a private rating.
"Our nation's financial crisis underscores the need for responsiblefinancial management, and intensifies our commitment to the uncompromisingstewardship of our members' health care dollars," said Ganz. "These ratingsreflect our ongoing effort to control costs, enhance underwriting andoperating results and maintain a strong financial performance."
About Regence
Regence is a leading health insurer in the Northwest / Mountain StateRegion, offering health, life and dental insurance. Regence serves nearlythree million members as Regence BlueCross BlueShield of Oregon, RegenceBlueShield (selected counties in Washington), Regence BlueCross BlueShield ofUtah and Regence BlueShield of Idaho. Each plan is a not-for-profitindependent licensee of the Blue Cross and Blue Shield Association. Regenceis committed to improving the health of our members and our communities, andto transforming our health care system. For more information, please visitregence.com.
SOURCE Regence
