Cover Oregon Oregon reaches ‘transition agreement’ with Oracle!!

Oracle Corp. delivered an ultimatum to the state of Oregon last week and it has paid off handsomely. After Oracle threatened to walk away from the state’s health care exchange with the IT project still unfinished, the state agreed to pay $24 million to the company on Monday and will pay them another $19.9 million by Thursday. Oregon announced today it has reached a "transition agreement" with the company. Oracle agreed to continue to work on the exchange. In paying the $43.9 million to Oracle this week, the state is not giving up its right to go to court and try to recover that sum, said Cover Oregon spokesman Michael Cox. For that matter, the state is reserving its right to litigate over the entire sum billed by Oracle for its IT work, which has now reached a mind-boggling $160 million.…river


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