Bruce Bodaken, Leadership Essay Example | Topics and Well Written Essays - 1500 words

Bruce Bodaken, Leadership - Essay Example The non-profit making insurance company was receiving a hostile response from the public. Currently, he works as the chairman, President and the CEO for Blue Shield of California, which is a non-profit health insurance company. Under his leadership, the insurance company is ranked as the fastest growing company in California. He also serves in various boards such as the American Association of Health Plans. He influenced the Health Maintenance Organization of California to support free evaluation of doctors who denied health malpractice which was later put in the law. He also mobilized actors in the insurance industry in Washington DC for the adoption of an overall plan that was formulated by Blue Shield (Julie Appleby, 2004). Since he became the CEO of Blue Shield, positive changes have occurred in the company, making it a highly profitable company. Prior to this, he acted as the deputy CEO in the same company in the year 1999. During this time, Blue Shield gathered a net income of $16.9 million as well as a reserve fund of $547 million (Julie Appleby, 2004). There was a rise in administrative fixed costs by 16, but the net income grew by more than three and a half times when he was deputy CEO, to a high of $62 and over time, the net income has risen to $314 million. Under his leadership he has demonstrated management practices that led to a decrease in overhead costs as well as substantial growth in reserve fund. The company enjoys a reserve fund that is close to $1.1 billion (Blue Shield of California, 2008). Blue shield has been categorized as one of the fastest growing insurance company. Last year, Blue Shield registered 392,000 members, raising its total to 2.7 million (Blue Shield of California, 2008). This was as a result of an idea that he raised, of registering members through the public retirement system of California. In 2002, he put forward a particular