IN­SUR­ANCE

Modern Healthcare - - NEWS MAKERS -

Triple-S Man­age­ment Corp. CEO Ramón Ruiz-Co­mas will re­tire in Jan­uary, end­ing a 13-year ten­ure as the top ex­ec­u­tive of Puerto Rico’s Blue Cross and Blue Shield health plan. Triple-S COO Roberto Gar­cía-Ro­dríguez will suc­ceed Ruiz-Co­mas.

Triple-S cov­ers more than 2.1 mil­lion Puerto Ri­cans, mean­ing 3 out of 5 res­i­dents have a Blues health plan. Ruiz-Co­mas, 58, joined Triple-S in 1990 and took the com­pany public in 2007, mak­ing it one of the largest con­glom­er­ates on the is­land. The com­pany recorded a profit of $65.7 mil­lion on $2.32 bil­lion of rev­enue in 2014.

Triple-S is op­er­at­ing in a ter­ri­tory that is of­ten ex­cluded from the broader health­care re­form de­bate. But Puerto Rico has em­braced sev­eral por­tions of the Af­ford­able Care Act, get­ting $925 mil­lion be­tween 2014 and 2019 from the fed­eral gov­ern­ment, much of it tied to Med­i­caid.

Ruiz-Co­mas

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