Notice of Public Hearing
Before the Insurance Commissioner
of the State of Oregon
Department of Consumer and Business Services
In the matter of the Acquisition of Control of Moda Health Plan, Inc. by Delta Dental of California
Date and Time:
October 29, 2018, 6:00 p.m.
Agenda
Place:
Courtyard Portland City Center
550 SW Oak Street, Portland, Oregon
Delta Dental of California (DDC) is a California Knox Keene Act licensed specialized health care service plan regulated by the California Department of Managed Health Care. DDC principally issues commercial group dental plan coverage, state and government dental programs (such as Medicaid and Medicare Advantage), and individual dental policies, on a managed care or fee-for-service basis. DDC serves as the ultimate controlling person of an enterprise insurance holding company system with a total of twenty-five companies operating (i) Delta Dental plans in sixteen operating territories (AL, CA, D.C., DE, FL, GA, LA, MS, MT, NV, NY, PA, PR, TX, UT, WV), and (ii) dental plans using the Dentegra dental network in all fifty states. DDC and its subsidiaries provide dental coverage to more than 35 million dental members.
Moda Health Plan, Inc. (Moda) is an Oregon-domiciled health care service contractor that provides medical plans to more than 90,000 insured medical members in Oregon and Alaska. Moda is also licensed to transact health insurance in Washington, Idaho, California and Texas, but is not currently offering insurance products in these states. Moda’s ultimate parent is Oregon Dental Service (ODS). ODS offers dental insurance in Oregon and Alaska; however, ODS is not a part of the proposed transaction. Moda and ODS are members of an insurance holding company system whose ultimate controlling person is the Oregon Dental Association (ODA).
As required by law, a public hearing is scheduled for October 29th, 2018, to
allow the public to learn more about the transaction and for the Department
of Consumer and Business Services of the State of Oregon to accept public comment
on the proposed acquisition of stock. More information can be found at: https://stage-dfr.oregon.gov/business/reg/insurer/mergers/Pages/modahealth-deltadental.aspx
If you wish to provide public comment, you may do so at the hearing or you
may provide public comment in writing until 5:00 p.m. on on November 12th, 2018.
Written comments should be emailed to FormAModa.DFR@oregon.gov
or mailed to Oregon Department of Consumer and Business Services, Division of
Financial Regulation, ATTN: Moda Form A, P.O. Box 14480, Salem, OR 97309-0405.