CHICAGO, Nov. 3 /PRNewswire/ -- Health Care Service Corporation (HCSC),
which operates the Blue Cross and Blue Shield plans in Illinois, New Mexico,
Oklahoma and Texas, today announced that its board of directors has elected
Pat Hemingway Hall as the company's new chief executive officer, effective
Nov. 1, 2008.
Hemingway Hall, who has served as HCSC's president and chief operating
officer since November 2007, will succeed Raymond F. McCaskey, who is retiring
from HCSC after 32 years of service, including more than 15 years as chief
executive officer. McCaskey will remain on the HCSC board of directors.
"Because of our size, strength and customer-owned orientation, Health Care
Service Corporation is uniquely positioned to address the major health care
challenges facing the country today -- expanding access, improving outcomes
and lowering costs," said Hemingway Hall. "This is an exciting time in our
industry, and I look forward to leading HCSC's efforts to work with
physicians, hospitals, employers and the government to develop solutions that
help our members and improve the health care system."
Prior to her election in 2007 as president and COO, Hemingway Hall served
as executive vice president of internal operations for HCSC from 2006 to 2007,
and as president of the company's Blue Cross and Blue Shield of Texas plan
from 2001 to 2006. She is a member of the boards of directors for the Blue
Cross and Blue Shield Association, America's Health Insurance Plans, Blue
Health Intelligence, MEDecision and TriServ LLC. She received a master's
degree in public health, health planning and administration from the
University of Michigan and a bachelor's degree in nursing from Michigan State
McCaskey came to HCSC as an assistant vice president and actuary in 1976.
He worked his way up through the finance division until becoming president and
COO in 1991, and president and CEO in 1993.
Health Care Service Corporation, a Mutual Legal Reserve Company, is the
largest customer-owned health insurer in the United States and the fourth
largest health insurer in the country overall, with 12.4 million members in
its Blue Cross and Blue Shield plans in Illinois, New Mexico, Oklahoma and
Texas. HCSC has a rating of AA- (Very Strong) from Standard and Poor's, Aa3
(Excellent) from Moody's and A+ (Superior) from A.M. Best Co. HCSC is an
independent licensee of the Blue Cross and Blue Shield Association. For more
information, please visit http://www.HCSC.com.
SOURCE Health Care Service Corporation