oregon insurance division

Rate Review of Oregon Insurers Under Microscope

Rate Review of Oregon Insurers Under Microscope

Not enough is required as a precondition for a rate increase, Larry Kirsch told legislators on Monday
February 10, 2011 – Oregon needs stronger rate regulation of health insurance increases. That message was delivered loud and clear by Charles Ringo, a former state senator and Larry Kirsch, a health insurance economist, when they appeared before the Senate Committee on Consumer and Small Business Protection on Monday. Read More >>
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Health Insurers Financially Strong, Says State

Health Insurers Financially Strong, Says State

In its annual report on Oregon’s health insurance companies, state regulators report the market is strong
February 2, 2011 -- Oregon’s health insurance companies covered fewer people as a result of the economic downturn while the stock market rebound last year brought increased profits, according to a recent report by the Oregon Insurance Division. Read More >>
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Insurance Division Approves 14.3 Percent Regence Rate Increase

Insurance Division Approves 14.3 Percent Regence Rate Increase

State regulators scaled back several requests in recent months though insurance rates still skyrocket
January 5, 2011 -- The Oregon Insurance Division has approved a 14.3 percent average rate increase affecting nearly 70,000 people with Regence BlueCross BlueShield individual health insurance renewing after February 1. Read More >>
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Oregon Pushes Back on Insurance Rate Increases

Oregon Pushes Back on Insurance Rate Increases

The Oregon Insurance Division lowers several key rate increase requests
@ Oregonlive.com
December 10, 2010 -- Oregonians with spendy individual and small-business health insurance plans are again facing double-digit increases. Read More >>
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Oregon Health Insurers Ride Stock Market Gains

Oregon Health Insurers Ride Stock Market Gains

Net investment income helps buoy insurance earnings to pre-recession levels
December 1, 2010 – Oregon health insurers continued an aggressive earnings pace through September of this year that saw the state’s top eight companies posting more than $170 million in net income. Read More >>
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OSPIRG Earns Grant to Review Rates

OSPIRG Earns Grant to Review Rates

Oregon officials want better consumer reviews of proposed insurance premiums
November 10, 2010 -- The consumer advocacy group OSPIRG has been awarded a $100,000 grant to provide in-depth analysis to the Oregon Insurance Division about health insurance rate increases. Read More >>
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LifeWise Suspends Sale of Individual Policies

LifeWise Suspends Sale of Individual Policies

The health insurer disagrees with the Oregon Insurance Division about when federal reforms come into effect
October 21, 2010 -- At the direction of the Oregon Insurance Division, LifeWise Health Plan of Oregon has temporarily suspended sales of new individual policies. Read More >>
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Oregon Insurers Double Profits From Last Year

Oregon Insurers Double Profits From Last Year

Shedding members, padding surplus and increasing profits continued
September 1, 2010 -- Oregon’s eight largest health insurers continued to shed members and increase profits in the first six months of this year, based on the industry’s latest financial statements released by the Oregon Insurance Division. Read More >>
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Rate Review Alone Won't End Cost Spikes

Rate Review Alone Won't End Cost Spikes

A $1 million federal grant will shed more light on rate increases but won’t end the escalation of medical costs
August 19, 2010 – Oregon’s been given $1 million to scrutinize health insurance rate increases, but those federal grant dollars may do very little to stem the rising costs of healthcare – unless pressure is exerted.  Read More >>
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Consumers Union Questions Record Surplus

Consumers Union Questions Record Surplus

Regence is one of seven Blue Cross plans the consumer group accuses of hoarding a record surplus while drastically raising rates
July 29, 2010 -- Blue Cross Blue Shield insurance companies across the country have defended record surplus levels showcased in a Consumers Union report last week, and Regence Blue Cross Blue Shield of Oregon is no exception. Read More >>
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