Cambia Health Solutions and our Board of Directors are deeply troubled by the emerging details of the situation involving Blue Cross and Blue Shield of North Carolina’s CEO. Transparency and integrity of leadership are imperative to Cambia management and our board. Given that North Carolina Blue Cross and Blue Shield is the applicant for the Strategic Affiliation in the Western states where we operate, and its CEO is not an officer or director at Cambia, it was North Carolina’s sole responsibility to formally notify the regulators in Washington, Oregon, Idaho and Utah. Once Blue Cross NC decided to not disclose the incident to any regulators, including its own in North Carolina, our hands were effectively tied.
If Cambia had been the cause of this information becoming public, we would have risked legal exposure given the pending criminal charges. We could not in good faith subject our company to that risk.
Cambia’s board has acted with clarity and independence, and made it clear that had a Cambia executive been involved in a similar incident, we would have chosen a different course of action.
Therefore, we have decided to pause the proceedings toward the Strategic Affiliation with BCNC until all the facts are known and the legal process concludes. Cambia continues to work toward transforming health care to make it to make it better, simpler and more affordable for people and their families.
