Title: Establishes a Tax on Oregon Health Plan Insurance Plans
Signed by Governor Kate Brown
Title: Establishes a Tax on Oregon Health Plan Insurance Plans
Vote to pass a bill that implements a tax to provide a revenue that preserves the Oregon Health Plan for an additional 2 years.
Requires insurers and managed care agencies to pay a 1.5% assessment on the gross amount of premiums earned from health benefit plans each quarter (Sec. 5).
Establishes a fine of $500 per day for each day an agency is late in paying the 1.5% assessment to the Department of Consumer and Business Services (Secs. 6 & 10).
Establishes the Oregon Reinsurance Program to stabilize insurance rates and premiums for individual health plans (Sec. 18).
Title: Establishes a Tax on Oregon Health Plan Insurance Plans
Vote to pass a bill that implements a tax to provide a revenue that preserves the Oregon Health Plan for an additional 2 years.
Requires insurers and managed care agencies to pay a 1.5% assessment on the gross amount of premiums earned from health benefit plans each quarter (Sec. 5).
Establishes a fine of $500 per day for each day an agency is late in paying the 1.5% assessment to the Department of Consumer and Business Services (Secs. 6 & 10).
Establishes the Oregon Reinsurance Program to stabilize insurance rates and premiums for individual health plans (Sec. 18).
Title: Establishes a Tax on Oregon Health Plan Insurance Plans