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.