The last piece of the Providence Health Plan expected to survive is now closing, too. The Oregon-based insurer said it could not reach an agreement with a national carrier to take over its Medicare Advantage business, and that line will shut down at the end of the year along with the rest of the company.
About 64,000 people on the insurer's private Medicare plans had been told there was a reasonable chance their coverage would simply transfer to a new owner. That is no longer the plan. They now serve more than 260,000 commercial members and roughly 58,000 Medicaid enrollees who are seeking 2027 coverage, and for the Medicare group, the timeline is tighter because Medicare enrollment closes earlier than most.
