HealthLeaders Media February 19, 2024
Mounting scrutiny was too much to overcome for the organizations’ partnership.
KEY TAKEAWAYS
– Health insurers SCAN Group and CareOregon have mutually agreed to end their proposed merger, which would have brought them together under HealthRight Group to create $6.8 billion in revenue and nearly 800,000 in membership.
– The merger had been called into question by Oregon’s Medicaid Advisory Committee and politicians for the alleged harm it would do on taxpayer money and access to care.
– SCAN Group and CareOregon’s vision for the partnership was to scale the nonprofits, allowing them to compete with bigger for-profit companies.
SCAN Group and CareOregon have abandoned their plans to combine in the face of regulatory pressure and outside criticism.
The proposed...
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