PORTLAND, OR -- The state of Oregon is closely monitoring Moda Health, which is in severe financial trouble. Lisa Morawski, with the Department of Consumer and Business Services, says they will keep the company in operation, "Reviewing any financial transactions they want to take and insuring claims are being paid." Current policy holders should continue to get medical care.
Morawski adds, "The order also prohibits Moda from issuing new policies or renewing current policies." Moda Health must submit a plan to the state by Friday that will detail how they plan to continue operations into the future.