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The Collapse of Providence Health Plan: Employees Question Leadership's Account

By

By Andrew SchwartzMay 27, 2026 6:00AM PDT

1d ago· 12 min readenInsight

Summary

An investigation into the collapse of Providence Health Plan, one of Oregon's largest health insurers. CEO Don Antonucci declined to be interviewed, but over a dozen current and former employees suggest there is more to the story than management has disclosed. The article examines the company's downfall, leadership decisions, and the gap between public accolades and internal turmoil.

Key quotes

· 3 pulled
Don Antonucci, the chief executive at one of Oregon's largest health insurance companies, would not give an interview for this story about how that business collapsed.
A dozen-plus current and ex-employees feel there is more to the story than Providence management let on.
In one recent post, Antonucci recalls his positive experience after accepting a dinner invite, despite being quite tired, as evidence of the importance of 'showing up—even when it's not convenient.'
Snippet from the RSS feed
It is impossible to know if CEO Don Antonucci could have done anything to avert the Portland company’s looming demise. But a dozen-plus current and ex-employees feel there is more to the story than Providence management let on.

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