The tax package will raise taxes on hospitals’ net patient revenue and impose a new 1.5 percent tax on health plans by some insurers and organizations that assist the state’s Medicaid program.
The narrow three-fifths approval may help solve a large chunk of Oregon’s $1.4 billion budget shortfall, according to the report.
The healthcare tax package will head to the senate for final approval.
More articles on healthcare finance:
6 largest gifts from individuals to healthcare organizations in 2017
4 of 37 provider-sponsored health plans profitable in 2015
Torrance Memorial Medical Center receives $32M donation
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.
