PacificSource, which recently left the Affordable Care Act marketplace in Oregon, is laying off 97 employees in Portland, Salem, Bend, and Springfield, effective at the end of July.
The nonprofit insurer provides coverage for 500,000 members affiliated with the Affordable Care Act via Medicare, Medicaid, and employer-sponsored insurance in Oregon, Washington, Idaho, and Montana.
The Insurer Withdrew From Lane County as a CCO at the Beginning of 2026
PacificSource withdrew from Lane County as a coordinated care organization (CCO) at the beginning of the year, where about 96,000 members had to transfer to Trillium Community Health Plan. PacificSource managed Medicaid coverage for the Oregon Health Plan members.
Profitability challenges and weaker capitalization have placed the insurer under financial stress, and the latest cutbacks coincide with Oregon’s shrinking Affordable Care Act marketplace…