oregon insurance division

Health Committee Approves Bill to Offset 2014 Premium Hikes

The Lund Report
A closed-door task force crafted HB 3458, the Oregon Reinsurance Program, after a consultant reported insurance premiums on the individual market would climb 38% next year. The program assesses insurers $4 per policy per month, a decline from current state assessments.

 

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.

Oregon House Votes to Include Insurers in Consumer Fraud Act

The Lund Report
Sen. Chip Shields told The Lund Report he expects the Senate to pass the measure, which would remove the unique exception insurance companies such as Regence BlueCross BlueShield have from the Unlawful Trade Practices Act.

 

April 3, 2013 — Seven years ago, Regence BlueCross BlueShield blithely declared that Azusa Suzuki was dead and refused to honor a supplemental insurance claim after she was injured in a car accident.

Insurance Division Lowers Requirements for Health Insurance Sold Outside Cover Oregon

The Lund Report
At the request of Regence BlueCross BlueShield and Lifewise, the state will require a silver plan, but not a gold plan to sell health insurance outside the exchange. All insurers selling health plans in Cover Oregon must still offer a gold plan.

 

March 29, 2013 — Oregon’s Insurance Division changed a requirement that all insurers offering plans outside the Cover Oregon exchange next year offer a gold-level plan following a request from insurers such as Regence BlueCross BlueShield and Lifewise Health Plan.

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.

Regence Refuses to Publicly Share Information on Rate Hike

The Lund Report
Meanwhile the Oregon Insurance Division has approved a 12.2 percent rate increase for people who purchase their own coverage through Providence Health Plan

August 24, 2012 – A proposed 9.6 percent rate increase by Regence BlueCross BlueShield of Oregon looks like it will be decided behind closed doors. That increase would impact nearly 53,000 Oregonians who purchase their own coverage starting in December.

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