Oregon health insurers profits are returning to pre-recession levels, with the state’s top eight companies posting more than $170 million in net income through September of this year.
Oregon health insurers profits are returning to pre-recession levels, with the state’s top eight companies posting more than $170 million in net income through September of this year.
The substantial gains in the first nine months of this year came off two years of declining profits in 2008 and 2009 when Oregon’s top health insurers made $76 million and $100 million respectively.
If their current pace continues this year, insurers may surpass profits in 2005 and 2006 when they made around $250 million in net income for the year.
This year’s profits, however, further illustrate how much of the health insurance industry depends on the success of Wall Street. Investment gains amounted to more than half of the net income for the top three health insurers in the state: Regence BlueCross BlueShield of Oregon, Kaiser Permanente and Providence Health Plans.
Read more at The Lund Report.
{biztweet}oregon health insurers{/biztweet}
