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Thursday, April 15, 1999 - Page updated at 12:00 AM

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Regence Blueshield CEO Tops List Of Best-Paid Health-Insurance Execs

Seattle Times Business Reporter

Regence BlueShield Chief Executive Officer Richard Dean was the highest paid health-insurance executive in the state last year, taking home $587,949 in salary and bonuses.

Dean appeared at the top of state Insurance Commissioner Deborah Senn's annual list of executive salaries in the industry. His compensation represents a 20 percent pay raise over his 1997 earnings.

Not far behind Dean was Premera Chief Executive Officer Betty Woods, who made $458,270 but did not receive a bonus.

In third place was Terry Rogers, former senior vice president for medical affairs at Regence, who earned $446,206 before stepping down last year.

Executives from Group Health Cooperative of Puget Sound were a little farther down the list. President Cheryl Marie Scott earned $282,554. And former Group Health Cooperative President and CEO Phil Nudelman made $373,746.

All but $35,000 of Nudelman's pay came from a bonus.

In one of the more striking findings in Senn's report, former Regence CEO Dale Francis, who retired in 1997, stayed on the executive payroll in 1998 and received a $190,766 bonus.

Health-care service contractors and health-maintenance organizations are required to list their top executives' salaries, bonuses and total compensation in the annual reports they file with the insurance commissioner.

Copyright (c) 1999 Seattle Times Company, All Rights Reserved.

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