State health insurers plan to hike rates

Individual plans could see rates increase up to 32% for 2017.

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The requests range from about 14.5 percent for Kaiser Foundation Health Plan of the Northwest to about 32 percent for Moda Health and Oregon’s Health CO-OP, according to Jesse O’Brien, health care advocate for the Oregon State Public Interest Research Group. OSPIRG contracts with the Department of Consumer and Business Services to represent the public and review certain filings.

To give an idea of premiums, the rate for a standard “silver” plan for a 40-year-old nonsmoker in the Portland area would be $312 for Kaiser and $438 for Oregon’s Health CO-OP. The vast majority of consumers receive federal subsidies, which diminishes how much they pay in monthly premiums.

(READ MORE: Portland Business Journal)

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