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Lifewise Health Plan Of Oregon Decides to Exit the Oregon Market

Current Customers Will Continue to Be Served During Transition

PORTLAND, OR– LifeWise Health Plan of Oregon today announced its decision to exit the Oregon market. LifeWise Oregon will support existing customers through the duration of their current plan year, with most plans ending by December 31, 2016.

Regence BlueCross BlueShield Top Spender of Legislative Candidates

The Lund Report
Regence donated $236,000 to political candidates and causes in a failed attempt to shift control of the Legislature to Republicans, according to records filed with the Secretatry of State.

 

August 27, 2013 — Health insurance companies have poured more than $550,000 into state and local elections in Oregon since the start of 2011, with over 40 percent of that money spent by Regence BlueCross BlueShield, which invested $236,000 in its preferred candidates and causes.

Moda’s Vast Pool of Resources Makes the Rose Garden Affordable

The Lund Report
At the same time, its health insurance enrollment has grown by 34 percent over the past two years.

 

August 27, 2013 -- Moda Health, which has purchased the naming rights for the Rose Garden basketball arena, appears to have adequate resources to afford the deal, according to insurance reports filed with the National Association of Insurance Commissioners.

During 2012, it earned $5.3 million in net profits on top of its investments in the stock and bond market.

Customers of LifeWise Health Plan and Health Net May Expect Rebates

The Lund Report
The Affordable Care Act sets a limit on how much money an insurer can spend on administrative costs, marketing and earn as profit

May 15, 2012 -- Across the nation, health insurers are expected to pay rebates amounting to about $1.3 billion to more than 15 million people, according to a recent study by the Kaiser Family Foundation. These rebates are a result of the Affordable
Care Act.

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