Home Must Reads Insurance Division approves rate hike

Insurance Division approves rate hike

| Print |  Email
Must Reads
Tuesday, April 03, 2012

The Insurance Division approved a 2.2% rate increase for small employers who have coverage through Providence Health Plans.

The rate hike will impact about 30,000 people over nine months, and range between 1.88 and 5.4 percent.
“We're doing all we possibly can to get our rate increases to as low a figure as possible,” said Jack Friedman, CEO of Providence Health Plans.
Initially, Providence had requested a 5 percent rate hike. However, the Insurance Division lowered that increase primarily because Providence had erroneously overstated its administrative expense costs and other expenses related to federal health reform, said Lou Savage, acting administrator and senior policy advisor with the Department of Consumer and Business Services.

Read more at The Lund Report.

{biztweet}insurance hike oregon{/biztweet}

 

More Articles

Shuffling the Deck

November/December 2014
Wednesday, October 22, 2014
BY JON BELL

Oregon tribes still bet on casinos.


Read more...

Kill the Meeting

November/December 2014
Wednesday, October 22, 2014
BY AMY MILSHTEIN

Meetings get a bad rap. A few local companies make them count.


Read more...

Gone Girl

News
Monday, September 29, 2014
roundup-logo-thumb-14BY LINDA BAKER | OB EDITOR

Wehby disappears, Kitzhaber fails to disclose and Seattle gets bike share before Portland.


Read more...

October surprise

News
Sunday, October 12, 2014
roundup-logo-thumb-14BY LINDA BAKER

Cylvia Hayes, tabloid vs. watchdog journalism and the looming threat of a Cascadia earthquake.


Read more...

Healthcare pullback

News
Thursday, November 20, 2014
112014-boehnercare-thumbBY JASON NORRIS | OB CONTRIBUTOR

Each month for Oregon Business, we assess factors that are shaping current capital market activity—and what they mean to investors. Here we take a look at two major developments regarding possible rollbacks of the Affordable Care Act (ACA).


Read more...

Two Sides of the Coin

Contributed Blogs
Friday, September 26, 2014
0926 iphone6-thumbBY JASON NORRIS | GUEST BLOGGER

This post focuses on the recent release of the new Apple iPhone as well as Alibaba's IPO, the largest U.S. IPO in history.


Read more...

Healthcare Perspective

November/December 2014
Wednesday, October 22, 2014
BY KIM MOORE

A conversation with Majd El-Azma, president and CEO of LifeWise Health Plan of Oregon, followed by the Healthcare Powerlist.


Read more...
Oregon Business magazinetitle-sponsored-links-02
SPONSORED LINKS