House Bill 2116, which calls for a 1 percent tax on commercial insurance premiums and a fourfold increase in the tax on hospitals, which is currently 0.63 percent, will expand healthcare coverage to 50,000 uninsured adults and three-fourths of all uninsured children in the state.
If approved, the measures are expected to raise more than $150 million annually and would make the state eligible for $500 million in matching federal funds.
The bill is supported by the Oregon Association of Hospitals.
Read the Portland Business Journal report on the Oregon healthcare bill.
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