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Increased profits, especially in the second quarter of the year, were eye-popping for Kaiser Foundation Health Plan and Regence BlueCross BlueShield of Oregon.
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Commercial health insurers in Oregon struggled to stem financial losses through the first quarter of 2020, previewing what could be a chaotic year for the insurance industry as the coronavirus pandemic continues to upend the health care system.
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After hefty payments for sick enrollees pushed several of Oregon’s largest commercial insurers to large financial losses in 2018, last year marked a significant rebound for the industry.
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Profits have slowed considerably at many of Oregon’s largest commercial health insurers after a strong start to 2019.
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