Profits

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 >>

Single Payer Healthcare Only Way to Control Costs

A national reimbursement system can realign the delivery of healthcare services from one of maximizing profit to one in which we maximize health
June 10, 2009 -- Our current healthcare system is a mess for both those who carry health insurance and those without. Only a single payer national health insurance program that provides public financing for privately delivered healthcare services can clean up this mess and provide all Americans access to needed medical services regardless of ability to pay. Read More >>

Insurance Executives Earn Higher Salaries in 2008

Enrollment and profits fell, yet salaries rose
April 9, 2009 -- Despite these turbulent economic times, the majority of Oregon’s insurance executives took home heftier paychecks last year, while watching their company’s profit margins and enrollment shrink. Read More >>
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