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PEBB put off until 2017 new negotiations for a life insurance contract, hoping OEBB could be part of the discussion after it completes a new medical contract. Standard Insurance has provided quality coverage for more than 30 years, but the PEBB board believes it may be time to verify that they’re getting the best deal.
Six-month financial reports show improvements, with Kaiser, Regence and Providence now profitable, while Zoom Health Plan improved its cash position. But, during the first half of 2016, most insurers still posted losses.
