Regence BlueCross BlueShield of Oregon and BridgeSpan Health today announced we will continue offering health plans for Oregon individuals and families in every county across the state in 2017. In July, Regence and BridgeSpan announced individual coverage would only be available in select counties due to shifting market dynamics and higher costs of delivering care.
“This is good news for the people and families across our state who need real choices when it comes to their health care coverage,” said Angela Dowling, Chief Business Development Officer for Cambia Health Solutions. “Through close collaboration with the State and our regulators, we are pleased to offer Oregonians choice while bringing greater stability to this dynamic and evolving marketplace.”
Health insurers nationwide are navigating the challenges posed by escalating medical and prescription drug costs, enrollment trends, shifting market participation and the end of some ACA stabilization programs. Ongoing financial losses have led to market exits across the country.
We are actively helping Oregonians across the state understand and navigate their options, including reaching out to those members with whom we previously communicated changes.
To read the Oregon Department of Consumer Services press release, please click here.