PacificSource to Cut 97 Oregon Jobs by July 31 as 60,000 Members Lose Marketplace Coverage
Updated
Updated · OregonLive · May 30
PacificSource to Cut 97 Oregon Jobs by July 31 as 60,000 Members Lose Marketplace Coverage
3 articles · Updated · OregonLive · May 30
Summary
PacificSource told Oregon labor officials it will eliminate 97 jobs in Portland, Salem, Bend and Springfield by July 31 as it shrinks operations.
The cuts follow the not-for-profit insurer’s decision to leave the ACA marketplace in Oregon, Idaho and Montana after 2026 and exit Montana’s insurance market entirely, forcing roughly 60,000 members to find new coverage next year.
Ratings agencies downgraded PacificSource last year, citing weaker capitalization and profitability, while the insurer has already pulled back from other business lines, including Lane County Medicaid coverage that shifted about 96,000 people to Trillium.
Oregon’s individual market is also under pressure: 2026 marketplace enrollment fell by about 21,000 people, or 15%, after pandemic-era federal subsidies expired and premiums rose.
PacificSource’s retreat adds to a broader shake-up in Oregon insurance, where Providence Health Plan has also said it will stop offering most commercial products in 2027.