Oregon Insurance Division OKs 12.8 percent health insurance rate increase, rejects 22 percent
The state's public hearing and subsequent decision was a "good first step," said Sen. Chip Shields, D-Portland.
"A 12.8 percent increase is still clearly unaffordable," he said, "but Regence also couldn't justify a 22 percent premium increase. The more sunlight we put on rates, the lower they will be."
He introduced several bills in the Legislature this year to bring more scrutiny to insurance rate requests, including one to require more public hearings, but all died in committees.
Read the full article here. Discuss below.
|
Posted on July 21, 2011
|
|
connect with blueoregon
8:10 p.m.
Jul 21, '11
I think the big news here (reported in the Lund Report but not the O) is that DCBS is considering opening up the contracts between insurers and providers.