Oregon regulators have placed ATRIO Health Plans under state supervision after the Medicare Advantage insurer racked up more than $52 million in operating losses in 2025 and fell into a “hazardous financial condition.”
The April 13 order gives the state direct oversight of all financial decisions at the Portland-based insurer, which covers roughly 35,340 MA enrollees across 11 Oregon counties.
Regulators found ATRIO’s financial position was far weaker than its reported financials suggested, with adjusted capital and surplus of just $9.8 million as of Dec. 31. The insurer had also relied on outside cash infusions to stay solvent over the prior 24 months, according to the order. The financial strain has produced a claims backlog, leaving provider payments unpaid.
Under the 60-day supervision order, ATRIO is banned from withdrawing bank funds, transferring assets, taking on new debt, changing management, increasing executive compensation, or paying dividends without prior written approval from the state’s insurance director.
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