money flow

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 >>

Double-Digit Rate Increase Hits Oregon Schools

At the same time, teachers will see their benefits reduced, paying higher copays and deductibles.
May 5, 2010 -- School districts and community colleges face double-digit rate increases for health insurance this fall. The primary reason: high utilization of medical services. Read More >>

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 >>

Regence Executive Salaries in Washington Take a Tumble

Premera Blue Cross executives were the highest paid; their CEO took home $2.2 million in 2009
April 15, 2010 – Compared to their Washington counterparts, Regence officials must be shaking in their boots. Read More >>

Doctors Reap $1.6 Million from Malpractice Insurer

While malpractice rates remain flat, a reform task force holds its first meeting May 17
April 15, 2010 – As state officials gear up to consider reforming Oregon’s malpractice laws, physicians are getting a reprieve. Read More >>

New Primary Care Model Could Cut Costs 20 Percent

Oregon Health Leadership Task Force targets high-risk patients with complex chronic care needs
April 7, 2010 – Oregon employers hope to follow the lead of Boeing and reduce the costs of treating high-risk patients while increasing their quality of care. Read More >>

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 >>

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 >>

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 >>
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