profits

Oregon Insurers On Pace for Another Strong Year

The first quarter financials show Oregon insurers are still riding investment gains
June 3, 2011 – Oregon’s seven largest health insurers finished the first quarter this year with fewer members and less net income than last year, but were still on pace to have another financially healthy year. Read More >>

Free Care at Oregon Hospitals Tops the Charts

Reducing costs and freezing pay was the only saving grace in a year that tested Oregon hospitals financially
December 8, 2010 -- Oregon hospitals provided more than $1.1 billion in uncompensated care in 2009, close to 14 percent more than the year before and the highest amount ever for the state’s 57 acute care facilities, based on the latest financial figures released this week by the Oregon Office for Health Policy and Research. Read More >>

Is Our Healthcare System Headed Toward Creative Destruction?

Healthcare reform is speeding up mergers and acquisitions and only the most profitable may succeed
December 8, 2010 -- Americans are painfully aware of the irony of the Affordable Care Act. Read More >>

Oregon Health Insurers Ride Stock Market Gains

Net investment income helps buoy insurance earnings to pre-recession levels
December 1, 2010 – Oregon health insurers continued an aggressive earnings pace through September of this year that saw the state’s top eight companies posting more than $170 million in net income. Read More >>

Salem Hospital’s Profit Margin Declined in 2009

Its president, Norman Gruber, earned $1.2 million in 2008, an 87 percent increase from the previous year
October 6, 2010 -- Taking a look at the financial picture of Salem Hospital, it struggled financially in 2009 compared to the year before when the financial crisis had not quite taken hold, according to audited financial reports from the Office for Oregon Health Policy and Research. Read More >>

Salem Health Sends Key Executives to Japan

Yet Salem Hospital has decided to increase health insurance cost-sharing for early retirees because of higher costs
October 6, 2010 -- Salem Health is sending its top executives to Japan to embark on a program to improve quality and meet patient needs. That program is estimated to cost approximately $2.5 million a year over the next five years, according to confidential sources. Read More >>

Oregon Insurers Double Profits From Last Year

Shedding members, padding surplus and increasing profits continued
September 1, 2010 -- Oregon’s eight largest health insurers continued to shed members and increase profits in the first six months of this year, based on the industry’s latest financial statements released by the Oregon Insurance Division. Read More >>

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 >>

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 >>

EDITORIAL: The Fight Continues

We agree that the bill is a good first step but falls short on controlling costs
March 25, 2010 -- When The Lund Report began almost a full year ago in April 2009, the national healthcare debate had just started to boil over. Throughout the summer and into the fall we covered angry town hall meetings, street protests and arrests. Read More >>
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