Profits

Hospital Profits Slumped, Charges Held Steady

Oregon hospitals felt a financial slump last year but patients wouldn't know it to judge by their bills

December 17, 2009 -- An investigation by The Lund Report shows that even though Oregon's 57 hospitals earned more than 50 percent less profit last year, they still collected more than 8 percent greater revenue than the year before, which meant everyone -- including insurers -- paid more for their services. Read More >>

Aetna to Increase Profits by Dropping Members

Through premium increases, Aetna realizes it will lose 600,000 members, but that's okay

December 16, 2009 -- Back when it was the largest private health plan in the country, Aetna downsized its membership by millions but boosted profits during an overhaul of its business several years ago. Read More >>

How Private Insurers Stand to Prosper Even More

We still end up with a system that's based on private insurers that have no incentive whatsoever to control costs

December 14, 2009 -- The public option is dead, killed by a handful of senators from small states who are mostly bought off by Big Insurance and Big Pharma or intimidated by these industries' deep pockets and power to run political ads against them. Read More >>

Investments Buoy Oregon Health Insurer Profits

Will gains transfer to lower premiums? Not yet anyway

December 10, 2009 -- Oregon insurers continued reaping the rewards of a positive stock market through much of this year, based on the latest available financial statements filed with the state. Read More >>

Regulators Offer Little Backstop for Premium Hikes

High paid executives and skyrocketing premiums from coast to coast

November 19, 2009 -- New information from a Senate investigation reveals CIGNA, one of the country's largest health insurers, failed to account for $5 billion in premium revenue reported to state regulators. Read More >>

Controlling Costs Rests on Hospitals

Oregon hospitals made more than $325 million in profit last year, down from 2007

November 4, 2009 -- With health reform dominating the headlines, everyone’s poised on keeping costs under control. Dr. Chuck Kilo, CEO of Greenfield Health, knows one of the major culprits -- non-profit hospitals in Oregon. They’re making significant amounts of money, and are extremely profitable. Read More >>

Salem Hospital to Cut $9 Million

Salem's biggest private employer might have to lay off staff amid record losses

Originally at StatesmanJournal.com
October 19, 2009 -- Salem Hospital, the city's biggest private employer, is grappling with a streak of losses for the first time in years and considering significant cuts that could include layoffs, officials said. Read More >>

Police Arrest Twelve at Regence

Part of 54 arrests in nine states, Portland demonstrators chose Regence Blue Cross Blue Shield

October 15, 2009 -- Police arrested 12 people today for trespassing outside the Portland headquarters for Regence BlueCross BlueShield of Oregon. The acts of civil disobedience were met by similar direct actions in nine cities across the country organized by Healthcare Now and the Center for the Working Poor. Read More >>

Enrollment Down, Profits Up for Oregon Insurers

Insurers are on pace to increase profits this year by 25 percent on higher premiums while fewer people have coverage

September 9, 2009 -- As premiums continue to rise unabated, Oregon insurers lost more than 21,000 members in the second quarter of 2009 – from April through June – representing a 1.2 percent decline compared to the first quarter of this year. Read More >>

Prominent Insurance Executive Denounces Big Money

Former medical director of Oregon’s largest insurer has a few choice words for the health insurance industry at large

August 18, 2009 -- I’ve been inside our health industry as the medical director for Oregon’s largest commercial insurer and have seen what happens when big money is involved, and public policy is crucial to future profits. Read More >>

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The Lund Report keeps its radar focused on Oregon’s healthcare industry. Our goal is to empower consumers. We believe an informed public can create a more accountable and transparent system.

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