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Enrollment has grown by 70,000 in the taxpayer-funded insurance for low-income residents since March 8 when the state declared a state of emergency over the pandemic.
The Centers for Disease Control and Prevention urges people to wear face coverings to prevent a spike of COVID-19.
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The federal government gave the two for-profit hospitals in the state plenty despite the fact that they generate big annual payouts for their out-of-state owners.
The final figures are not yet in but the payouts range from nearly $400,000 to more than $33 million per facility.
Health care giant Providence Health & Services is cutting the salaries of high-paid medical providers in a new round of belt-tightening following revenue drops caused by the COVID-19 crisis.
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Depending on the level of unemployment created by the virus-induced economic crisis, Oregon would need to spend between $75 million and $516 million in state money to cover the additional Medicaid enrollees for the period January 2020-December 2022, according to a new report.
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Patient volumes and accompanying revenues are “beginning to recover” at Oregon Health & Science University, but the institution expects the next 12 to 24 months to be financially lean as a recession grips the region, administrators said in a report to the board.
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Oregon’s big hospital systems were sitting pretty just three months ago after years of steady growth and profits. But now they’re grappling with the sudden monetary fallout of the coronavirus pandemic.
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Portland-based Moda Health, which offers health and dental insurance and sells plans in Oregon, Washington and Alaska, has furloughed dozens of employees due to the coronavirus pandemic.
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A growing number of the hundreds of thousands of Oregonians made jobless by the coronavirus crisis are signing up for Medicaid insurance, but for now, at least, Oregon has enough money to cover them.
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Oregon’s for-profit medical clinics have joined the long queue of businesses seeking help from the state and federal government to cope with the financial shock waves of the coronavirus pandemic.
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Fallout from the coronavirus pandemic is likely to hit Oregon’s Medicaid program.
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Advocates of a long-stalled proposal to build a psychiatric hospital in Wilsonville have urged Gov. Kate Brown to let the project move forward, saying the extra beds are needed to meet an increased demand for mental health treatment during the coronavirus pandemic.
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Oregon’s Medicaid system hasn’t yet been strained by the coronavirus-induced economic freefall -- but mainly because many of the newly unemployed aren’t immediately applying for the subsidized health insurance, the head of Oregon’s Medicaid program said.
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The Oregon Health & Science University could lose up to $425 million over the next two years if it doesn’t take swift action, OHSU leaders told staff this week.
Gov. Kate Brown has appointed Andrew Stolfi director of the Department of Consumer and Business Services, a regulatory agency with broad oversight of the individual and small-business health insurance business in Oregon.
Depending on the severity of the economic crisis induced by coronavirus, as many as 430,000 Oregonians could lose their employer-sponsored health plans in coming months, and most of those people – 320,000 – would turn to the Oregon Health Plan, the state’s version of Medicaid for low-income residents, a new report forecasts.
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Oregon Health & Science University predicts it will drop deeply into the red in the next few months if it is swamped by COVID-19 patients.
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As state health care providers brace for waves of coronavirus patients, it’s uncertain how Oregon hospitals and health insurers will handle the financial strain.
