financials

Credit Company Downgrades ODS

Credit Company Downgrades ODS

Vice president Dave Evans calls the negative rating a “non-event.”
June 9, 2010 -- A.M. Best downgraded the issuer credit rating of ODS Companies last week from good to negative, a move Dave Evans, vice president and controller, said wasn’t applicable to the insurer. Read More >>
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Oregon Health Insurance Profits Soar

Oregon Health Insurance Profits Soar

In the first quarter alone insurers earned record profit while covering fewer people
May 27, 2010 -- Oregon’s eight largest domiciled insurers covered less people and made more profit in the first quarter of this year then in any quarter in more than two years. Read More >>
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A Cautionary Tale from Santa Fe

A Cautionary Tale from Santa Fe

A health insurance expert gives a cautionary tale to those pushing for meaningful federal rate review
May 5, 2010 -- You may have heard in Santa Fe recently, State Insurance Commissioner Mo Chavez approved a 21% rate increase affecting 40,000 Individual Blue Cross Blue Shield of New Mexico subscribers.
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Salem Hospital's Bond Rating Falls

Salem Hospital's Bond Rating Falls

Standard and Poor's rating service downgrades the hospital to negative while reaffirming long-term bond ratings
April 21, 2010 -- Standard & Poor's Ratings Services revised its rating outlook to negative from stable on Salem Hospital Regional Health Services, Oregon's debt issued by Salem Hospital Facility Authority. Read More >>
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Bi-Partisan Alliance Takes On Non-Profit Hospitals

Bi-Partisan Alliance Takes On Non-Profit Hospitals

Politics makes strange bedfellows in fight against non-profit hospitals
March 29, 2010 -- Sen. Chuck Grassley (R-Iowa) and Rep. Bobby Rush (D-Ill.) have formed an unusual alliance to ensure that tax-exempt hospitals treat patients without insurance. Read More >>
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Health Insurers Increase Profits 32 Percent

Health Insurers Increase Profits 32 Percent

Whether Oregon health insurers were profitable or not last year largely depended on the stock market
March 17, 2010 -- Investment gains for Oregon’s eight largest health insurers were about the only thing keeping consumers’ premiums from climbing even higher this year. Read More >>
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ODS Health Plan Loses $38 million on OEBB Contract

ODS Health Plan Loses $38 million on OEBB Contract

The health insurer recouped that loss after receiving $20 million from its re-insurer and an $18 million loan from OEA Choice Welfare Benefit Trust.
March 17, 2010 -- ODS Health Plan, the major insurer for the state’s 41,844 school teachers and their 61,023 dependents, is bleeding red ink. Read More >>
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Hospitals, Physicians To Share Millions From Clear One Sale

Hospitals, Physicians To Share Millions From Clear One Sale

The sale of for-profit Clear One to PacificSource nets investors big money
February 25, 2010 – Although the sale of Clear One Health Plans by PacificSource Health Plans awaits approval by state regulators, documents filed with the Insurance Division express very clearly who will benefit from the $46 million acquisition: hospitals and physicians. Read More >>
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Insurers Ready Another Round of Double-Digit Hikes

Insurers Ready Another Round of Double-Digit Hikes

State actuaries say medical costs went up 12 to 13 percent last year
February 4, 2010 -- Regence BlueCross BlueShield is asking the Insurance Division to approve a 25.3 percent average premium increase on more than 73,000 individuals whose policies renew starting April 1. Read More >>
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Hospital Profits Slumped, Charges Held Steady

Hospital Profits Slumped, Charges Held Steady

Oregon hospitals felt a financial slump last year but patients wouldn't know it to judge by their bills
December 17, 2009 -- An investigation by The Lund Report shows that even though Oregon's 57 hospitals earned more than 50 percent less profit last year, they still collected more than 8 percent greater revenue than the year before, which meant everyone -- including insurers -- paid more for their services. Read More >>
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