Employers can give their employees a set amount of money and then direct them to a private exchange. There, they can shop for a health plan and other benefits, like dental, based on what the employer has selected as options.
Safeco sale 'bittersweet,' says CEO Reynolds. By DAN RICHMAN, P-I REPORTER. Selling Safeco Corp. was a bittersweet moment, Chief Executive Paula Reynolds said Wednesday, after the announcement that Boston's Liberty Mutual Group will buy the 85-year-old homegrown insurer for $6.2 billion in cash.
Hughes, who is also president of the organization, will leave the position come Nov. 1, the health planâs board announced Tuesday. Richard Burke, the president of senior care services and government programs, has been named interim CEO. Enlarge. Patrick Hughes is the president and CEO of Fallon Health. SEE CORRECTION AT THE END OF THIS ARTICLE. Fallon Healthâs CEO, Patrick Hughes, announced Tuesday that he will retire, not long after the company disclosed that it would be laying off up to 45 employees.