Lou Savage

LifeWise Joins Regence in Backing Away From Small Employer Exchange

The Lund Report
Providence insists it over-calculated its proposed rates for individuals and is asking the state’s insurance commissioner for permission to adjust those rates

May 10, 2013 -- Now that the health insurers have shown their hands and announced whether they intend to participate in Oregon’s insurance exchange, it’s clear that Regence BlueCross BlueShield isn’t alone in backing away from the SHOP (small employer) exchange.

Oregon’s Insurance Commissioner Speaks Out About Regence BlueCross BlueShield

The Lund Report
The decision by Providence to sever its contract with HealthNet could also pique his attention if HealthNet loses a significant number of members to its competitor

October 3, 2012 -- Regence BlueCross BlueShield could find itself on the hot seat again. This time actuaries from inside the Oregon Insurance Division are in the midst of conducting an in-depth financial review at Regence’s headquarters in downtown Portland -– looking for any irregularities and whether the insurer has the financial stability to meet the needs of its policyholders.

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