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A growing number of the hundreds of thousands of Oregonians made jobless by the coronavirus crisis are signing up for Medicaid insurance, but for now, at least, Oregon has enough money to cover them.
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Oregon’s for-profit medical clinics have joined the long queue of businesses seeking help from the state and federal government to cope with the financial shock waves of the coronavirus pandemic.
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Advocates of a long-stalled proposal to build a psychiatric hospital in Wilsonville have urged Gov. Kate Brown to let the project move forward, saying the extra beds are needed to meet an increased demand for mental health treatment during the coronavirus pandemic.
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Oregon’s Medicaid system hasn’t yet been strained by the coronavirus-induced economic freefall -- but mainly because many of the newly unemployed aren’t immediately applying for the subsidized health insurance, the head of Oregon’s Medicaid program said.
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The Oregon Health & Science University could lose up to $425 million over the next two years if it doesn’t take swift action, OHSU leaders told staff this week.
Depending on the severity of the economic crisis induced by coronavirus, as many as 430,000 Oregonians could lose their employer-sponsored health plans in coming months, and most of those people – 320,000 – would turn to the Oregon Health Plan, the state’s version of Medicaid for low-income residents, a new report forecasts.
Gov. Kate Brown has appointed Andrew Stolfi director of the Department of Consumer and Business Services, a regulatory agency with broad oversight of the individual and small-business health insurance business in Oregon.
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Fallout from the coronavirus pandemic is likely to hit Oregon’s Medicaid program.
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Oregon Health & Science University predicts it will drop deeply into the red in the next few months if it is swamped by COVID-19 patients.
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As state health care providers brace for waves of coronavirus patients, it’s uncertain how Oregon hospitals and health insurers will handle the financial strain.
