The Oregon Medical Insurance Pool has agreed to pay $2.1 million to Regence BlueCross BlueShield to resolve outstanding claims the insurance company says it’s owed for administering the Federal Medical Insurance Pool.
The Oregon Medical Insurance Program board voted unanimously Monday to set the assessment on health insurance plans to fund its reinsurance program at $3.859 per person per month, which will bring in just under $72 million for 2014.
April 4, 2013 — The House Health Committee has unanimously passed major reinsurance legislation, designed to offset the spike in premium rates next year when insurers are required to accept thousands of sick people who had previously been denied coverage because of pre-existing conditions such as cancer and heart disease.
February 16, 2012— Health insurers in Oregon may no longer be able to lower the assessments they pay into the high risk pool.
Up until now, insurers have been offered a 10 percent reduction if they could show, on average, that they denied coverage less than 20 percent of the time over the previous three years.