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Enrollment has grown by 70,000 in the taxpayer-funded insurance for low-income residents since March 8 when the state declared a state of emergency over the pandemic.
The Centers for Disease Control and Prevention urges people to wear face coverings to prevent a spike of COVID-19.
The final figures are not yet in but the payouts range from nearly $400,000 to more than $33 million per facility.
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The federal government gave the two for-profit hospitals in the state plenty despite the fact that they generate big annual payouts for their out-of-state owners.
Health care giant Providence Health & Services is cutting the salaries of high-paid medical providers in a new round of belt-tightening following revenue drops caused by the COVID-19 crisis.
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Depending on the level of unemployment created by the virus-induced economic crisis, Oregon would need to spend between $75 million and $516 million in state money to cover the additional Medicaid enrollees for the period January 2020-December 2022, according to a new report.
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Patient volumes and accompanying revenues are “beginning to recover” at Oregon Health & Science University, but the institution expects the next 12 to 24 months to be financially lean as a recession grips the region, administrators said in a report to the board.
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Oregon’s big hospital systems were sitting pretty just three months ago after years of steady growth and profits. But now they’re grappling with the sudden monetary fallout of the coronavirus pandemic.
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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.
