Providence Health Plan is the third largest in Oregon. PHP’s total membership in Oregon is 421,000, with another 13,139 in Washington. It employs 1,150 people.
PORTLAND, Ore. — Providence announced Wednesday that it will start to exit most of its insurance lines starting next year, amid a tough operating environment for regional carriers.
The news lands about two months after Providence said it was exploring options for the money-losing plan, including a sale. Portland-based Providence Health Plan (PHP), which is the third largest in the state, had a net loss of more than $100 million last year.
PHP’s total membership in Oregon is 421,000,
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