State forces Moda Health to exit individual insurance market, requires it to raise capital

The Portland Business Journal:

“Bringing tens of thousands of people into the ACA marketplace, many of them with acute health care needs, has been a difficult process to manage,” said Robert Gootee, CEO of Moda Health parent company Moda Inc., in an email.

OHSU has been trying to get in on the ground floor of this phenomenal investment opportunity in a failing insurance company.

From the Portland Tribune:

In a statement, the university expressed concern but did not directly address whether it planned to follow through or expand its involvement to address Moda's need for capital. The OHSU board is meeting today.

I think it's ridiculous they're considering going through with this. I think it's insane they might expand their involvement (presumably with more money).

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