‘It’s a shame:’ Over 200,000 Oregonians with Regence health insurance could no longer be covered at Providence facilities if deal isn’t met soon

Oregonians with Regence insurance will no longer be covered at Providence facilities if the two companies can’t reach a deal on reimbursement rates by Jan. 15.

PORTLAND, Ore. — Time is running out for contract renewal negotiations between a prominent Portland hospital group and a major Oregon insurance company, leaving the fate of more than 260,000 Oregonians’ health care hanging in the balance.

Providence Health and Services is seeking increased reimbursement rates from the insurance company Regence Blue Cross Blue Shield to keep up with rising health care costs and employee wages. Providence said drug and supply prices jumped 19% from 2020 to 2022 and are

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