Insurance Division Approves 18.9 Percent Regence Rate Increase

Lund Report:

January 5, 2011 -- The Oregon Insurance Division has approved an 18.9 percent average rate increase affecting nearly 70,000 people with Regence BlueCross BlueShield individual health insurance renewing after February 1.

Regence had asked state regulators for a 22.7 percent average increase to take effect in October. But because of negotiations between Regence and state officials a decision was delayed, according to Cheryl Martinis, insurance division spokeswoman.

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