Ore. regulator approves 12.9% health insurance rate hike for Providence. Affects 9957.

DCBS:

DCBS approved a 12.9 percent average annual increase for the individual health benefit plans instead of the 17.7 percent annual increase requested...

The overall average impact of changes made due to federal healthcare reform is 3.35 percent...

Over the past year, medical claims costs for the individual health plans offered by Providence increased 9.9 percent and prescription drug costs were up 22.2 percent, averaging 11.05 percent.

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