Money Flow

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 >>

Regence Gave $70,000 to Defeat Ballot Measures 66 and 67

In doing so, Regence became the only health insurer in Oregon that contributed to the 'no' campaign
January 28, 2010 -- The victory celebrated by proponents of Ballot Measures 66 and 67, which will raise taxes on corporations and wealthy Oregonians, no doubt left one health insurer booing from the sidelines. Read More >>

Healthcare Groups Among Donors to 'Yes' on 66, 67

SEIU, CareOregon and Oregon Health Care Association top the list
January 6, 2010 -- The majority of the $3.5 million raised to support ballot measures 66 and 67 has come from public employee unions that represent over 130,000 Oregon workers. However, the healthcare community has also weighed in, according to data filed with the Oregon Elections Division reported by Common Cause. Read More >>

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 >>

Investments Buoy Oregon Health Insurer Profits

Will gains transfer to lower premiums? Not yet anyway
December 10, 2009 -- Oregon insurers continued reaping the rewards of a positive stock market through much of this year, based on the latest available financial statements filed with the state. Read More >>

Regulators Offer Little Backstop for Premium Hikes

High paid executives and skyrocketing premiums from coast to coast
November 19, 2009 -- New information from a Senate investigation reveals CIGNA, one of the country's largest health insurers, failed to account for $5 billion in premium revenue reported to state regulators. Read More >>

Salem Hospital Faces $9 Million in Cuts, Pays High-Priced Consultants

The hospital’s home health agency might be closed or sold
November 12, 2009 -- When Norman Gruber, CEO of Salem Hospital, sent his staff a memo announcing cutbacks of $9 million next year, he might have unleashed a hailstorm. Read More >>

OHSU Hospital Reports Strong First Quarter

Portland’s largest employer is “cautiously optimistic” after the sudden departure of CFO
November 12, 2009 -- Oregon Health & Sciences University’s board tried to walk a fine line between caution and optimism when they met on Nov. 10. Read More >>

Controlling Costs Rests on Hospitals

Oregon hospitals made more than $325 million in profit last year, down from 2007
November 4, 2009 -- With health reform dominating the headlines, everyone’s poised on keeping costs under control. Dr. Chuck Kilo, CEO of Greenfield Health, knows one of the major culprits -- non-profit hospitals in Oregon. They’re making significant amounts of money, and are extremely profitable. Read More >>

PEBB May Dip Into Reserves Next Year

Over the past year, medical costs for state employees grew 12.6 percent
November 4, 2009 --- Unless medical costs drop by 2.6 percent next year, the Public Employees Benefit Board may be forced to dip into its reserves. Read More >>
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