Health insurance premiums to spike in Oregon

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Oregon Insurance Division reveals final decision on rate proposals for 2016 The Oregon Insurance Division has revealed its final decision concerning rate proposals coming from the state’s health insurance companies. Many of the state’s insurance providers have sought to raise premiums on the coverage that they provide. State regulators have been investigating these proposals to determine whether or not they are necessary. The Insurance Division has announced that, in most cases, insurance rates will go up on individual policies in 2016. Regulators approve the majority of rate increase proposals While…

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University of Oregon looks to launch its own health insurance plan

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University could provide a health care plan for its students The University of Oregon may be looking to build its own health insurance plan for its students. Oregon does have a health insurance exchange in place, where individuals and groups can find coverage at reasonable rates, but the university believes that it can better serve its students by providing them with their own plan. Some students may be able to enjoy the insurance coverage of their families, but others go without coverage because of its cost and the cost of…

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Oregon purchases more wildfire insurance

wildfire insurance

Oregon has purchased wildfire insurance to protect against the dry season Oregon is preparing to handle its dry season with the purchase of wildfire insurance. This type of insurance coverage is meant to protect the state from the onslaught of wildfires that could emerge in the state due to dry conditions. The insurance is meant to help cover the costs associated with these disasters, reducing the state’s financial exposure and providing it with some breathing room when it comes to recovery. Insurance policy from Lloyd’s of London will provide $25…

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Health insurance controversy emerges in Oregon

Oregon Health Insurance technology

Oregon files lawsuit against Oracle concerning health insurance program The State of Oregon has filed a new lawsuit against Oracle concerning the state’s troubled health insurance program. According to the state, Oracle is currently planning to stop hosting Oregon’s Medicaid system, which could cause problems for people trying to enroll in the health insurance program. Oracle has been hosting the state’s Medicaid site, which serves as a way for state residents to sign up for the health insurance coverage that they need. Lawsuit aims to force Oracle to continue hosting…

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Legal battle erupts over broken health insurance exchange

Oregon Health Insurance technology

Oregon has filed a fraud and breach-of-contract lawsuit against Oracle Late last week, Oregon filed a lawsuit against software company Oracle and several of its top executives. The state is accusing the company of fraud and breach-of-contract that may have cost Oregon a veritable fortune while leaving many of the state’s residence without access to a working health insurance exchange. Oracle was contracted by the state to develop the software that would manage the exchange, but internal problems have left the exchange inoperable and it has yet to see an…

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