The health insurers that want to participate in Cover Oregon next year have until next Tuesday to file their proposed rates and benefit plans with the Insurance Division
The new report says 2009 insurance reforms have resulted in $80 million savings, but says health insurers are still not being held fully accountable for their hyper-inflated rate increases.
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.
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.
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.
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.
Meanwhile the Oregon Insurance Division has approved a 12.2 percent rate increase for people who purchase their own coverage through Providence Health Plan
July 25, 2012 -- Watch online: Both hearings will be streamed live so that people can watch from their computers at home. To view the hearing, visit this page shortly before the starting time: http://www.oregonhealthrates.org/?pg=public_hearing.html.Hearing details:
July 10, 2012 -- Oregonians who have long-term care insurance now have the right to have their claims paid promptly and to appeal an insurance company decision to deny benefits.