Oregon ACA Rates Rise

Date: May 30, 2017

 

The proposed health insurance rates for plans through the Affordable Care Act have been released according to KTVZ, and Oregonians can expect at minimum a two percent premium increase for small group rates, and a minimum 6.9 percent increase of individuals. The greatest requested rate change for small group plans maxed out at an 8.5 percent increase, while the greatest requested change for individual plans is 21.8 percent. See the proposed rate increases from each insurer here.

These proposed changes mark the third straight year in a row of rate increases, according to KTVZ. The average increase in 2016 was around 23 percent, and the average increase in 2017 was around 27 percent. Insurers are slowly pulling out of multiple markets, and for 2018, Tillamook, Lane, and Lincoln counties each have only two carriers available.

The proposed rate changes are open for public comment from May 22 through July 11. Final decisions on rate increases will be released on July 20.

Year after year, we’ve witnessed an unstable individual insurance market where consumers are hit with ever-increasing costs and fewer choices,” said Rep. Greg Walden in a statement according to KTVZ. “Oregon has fared somewhat better than other states, but the market is unsustainable as currently structured, which is why reforms are so necessary.

Related Content: Small Business News | Healthcare | Oregon

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