Providence Health Plan recorded a $102 million net loss in 2025, driven by rising medical and pharmacy utilization and a drop to a 3.5 Medicare Advantage star rating, but the Oregon-based health plan is projecting a return to financial stability this year, CEO Don Antonucci told Becker’s. “Like others in the payer industry, especially regionals, it was a difficult year for the health plan from a financial perspective,” Mr. Antonucci said. “We saw the same headwinds and challenges on the payer side, with utilization up for medical costs and pharmacy costs.”
Read the full article: Providence Health Plan CEO Details the New Requirements for Regional Insurer Survival //
Source: https://www.beckerspayer.com/payer/providence-health-plan-ceo-details-the-new-requirements-for-regional-insurer-survival/