Premium hikes expected under Obama health law
ASSOCIATED PRESS: Insurers are expected to raise premiums to deflect financial drains resulting from the health law.
Health care
Health care roundup
Springfield medical center makes top 10 most-profitable U.S. hospitals list; CareOregon gets a $730,000 grant for long-term care.
Moda raises $115M more in capital
The insurance carrier announced the sale of two dental entities and the Moda Plaza in Milwaukie, along with the securitization of risk corridor expenses to an outside firm.
LifeWise to exit health insurance market
The insurance company said it would leave the market at the end of this year.
OHSU to help launch a $50M health-ed center in Klamath Falls
Oregon Health & Science University said it would fund the project with $15 million; Sky Lakes Medical Center will contribute $15 million.
Zoom+, Wacom move headquarters to Pearl District
Both companies will leave the suburbs and move their headquarters to Pearl West in Portland. Zoom+ is currently based in Hillsboro; Wacom is based in Vancouver.
Health Republic sues feds for $5B
The state insurer filed a class action lawsuit to reclaim Obamacare funds.
Moda: Back in business, for now
To remain in market, the insurance carrier must raise $179 million.
Five Takeaways from the Moda Health Debacle
The story of Moda Health’s financial implosion has rocked the city and state with all the force of a sex scandal, minus the salaciousness, of course. Insurance industry jargon — risk adjustment corridors, individual insurance markets, special enrollment periods — is suddenly the talk of the town. Moda’s sudden exit/exile from Oregon’s insurance market also … Read more
State nixes Moda Health from individual insurance market
The State Department of Consumer and Business Services forced Portland’s Moda Health out of the market today due to insufficient capital.