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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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Moving swiftly, a federal judge found that health insurers Trillium Community Health Plan and Health Net Health Plan had likely misled consumers about their Medicare Advantage plans for 2020 and ordered the two companies to post clarifying statements on their websites and send clarifying informat
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PeaceHealth has filed suit against Trillium Community Health Plan and its affiliate, Health Net Health Plan of Oregon, alleging the two insurers engaged in false advertising by touting their Medicare Advantage plans for 2020 as including PeaceHealth as an in-network provider.
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Oregon's largest commercial health insurers racked up solid profits through the first half of 2019, as they took advantage of a brief reprieve from an Affordable Care Act fee that has cost them millions of dollars in past years.
Premiums for health insurance will rise an average of 7.1 percent for small businesses and 1.5 percent for individuals next year in Oregon.
The roughly 350,000 Oregonians who buy individual or small-employer health insurance plans face a range of premium increases in 2020 going as high as 8.9 percent for individuals and 13.1 percent for small groups, under preliminary rates the state issued Wednesday.
During her confirmation hearings, the new HHS Secretary told Congress that she’s going after states that failed to get their health insurance exchanges up and running.
A divided Senate Thursday found an election-year issue it can get behind -- free colonoscopies, even if a physician has to remove polyps during the screening.
