Oregon and software company Oracle have reached a settlement agreement valued at more than $100 million over the state's failed health insurance exchange "Cover Oregon," according to a report from OPB.
The settlement involves cash payments to the state in addition to a six-year license agreement for products and services, according to the report. As a result, Oracle will continue operating and modernizing the state's software systems.
Oregon's primary issue with Oracle was that after spending $240 million on a website for the state's health insurance exchange, the site didn't work, according to the report. The state ended the Cover Oregon webpage in 2014 and has since used the federal exchange, HealthCare.gov.
Originally, Oregon demanded more than $6 billion in damages from Oracle and accused the company's executives of fraud, filing false claims and racketeering. The two parties reached a settlement Thursday.
Oregon Gov. Kate Brown (D) pointed out the settlement will not only resolve "a chapter of public finger-pointing and failure," but it will also be used to help support science education programs in the state's public schools, according to the report.
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