Daniel J. Loepp, president and CEO of Blue Cross Blue Shield of Michigan (BCBSM), revealed his plan to retire at the end of next year – Dec. 31, 2024.
During his more than two decades of leadership at BCBSM, Loepp helped transform the company from a large single-state health insurance plan and workers’ compensation subsidiary to a diversified, multi-company enterprise of national scale.
The executive committee of the BCBSM board of directors will lead the succession process, beginning in December 2023 with the start of a national search for a new president and CEO.
“Transformational is the one word that best describes Dan Loepp’s legacy over more than 20 years,” says Gregory A. Sudderth, chairman of the BCBSM Board. “His vision and leadership diversified our business model, revolutionized the delivery of patient care, modernized the experience of our members, helped revitalize our cities’ downtowns and strengthened our social mission commitments to communities.”
“I am very proud of the achievements we have shared over these past two decades,” says Loepp. “I am tremendously proud of the work you have done. Our enterprise employees – at every level – have embraced change, innovated to bring forward new ideas, rallied through challenges and carried on with determination to grow our business and fulfill our commitments to the people we serve.”
During Loepp’s tenure as CEO, BCBSM revenue more than doubled – from $15.3 billion in 2005 to $32.8 billion in 2022. He helped change BCBSM’s to a nonprofit mutual insurance company in 2013 – enabling Blue Cross and its subsidiary companies to serve more customers in a greater variety of insurance markets and providing greater depth and breadth of health insurance product offerings.
He championed partnerships and investments to expand into emerging markets beyond commercial health insurance – including a move in 2011 to become a minority owner of AmeriHealth Caritas, a national Medicaid managed care company; and another in 2022 to enable AF Group, a BCBSM subsidiary offering primarily workers’ compensation insurance, to purchase AmeriTrust Group to diversify its product and solution offerings.
Loepp also initiated BCBSM’s recognized efforts to work with physicians and health systems to transform the payment model for health care services – including the launch of one of the nation’s largest Patient-Centered Medical Home programs in 2009.
In 2018, BCBSM committed $5 million to the city of Detroit’s Strategic Neighborhood Fund to invest in revitalizing the East Warren-Cadieux neighborhood where Loepp spent his boyhood years.
“As you can imagine, it’s not an easy decision to step away from the best job I’ve had, leading a company of such significant importance to the lives of millions of people, and one that is only beginning to realize its potential for diversifying into an enterprise of national scale,” says Loepp. “But it’s the right decision and this is the right time to make it.”
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