Rates must be approved by the Department of Consumer and Business Services before implementation.
Here are seven key rate changes:
1. Average rate increases on the individual market range from 9.8 percent to 32 percent. Los Angeles-based Health Net Health Plan of Oregon will have the lowest rate increases, and Portland-based Oregon’s Health Co-op will have the highest.
2. Average rate changes on the small group market range from an 8.9 percent decrease to a 17 percent increase. Hillsboro, Ore.-based Zoom+ rates will decrease most, while Oregon’s Health Co-op will increase most.
3. Portland-based Regence Blue Cross Blue Shield of Oregon will increase individual plan rates by 17.9 percent. This is the same rate BCBSO initially requested.
4. Beaverton, Ore.-based Providence Health Plan’s individual rates will increase 24.1 percent, down from the 29.6 percent increase requested by the insurer.
5. Portland, Ore.-based Moda Health’s individual rates will increase 29.3 percent, down from the 32.3 percent increase it requested.
6. Oregon insurer ATRIO Health Plans will increase individual rates 20.8 percent.
7. Four insurers — Portland-based LifeWise Health Plan of Oregon, Moda, Pacific and Providence Health Plan — will no longer offer statewide plans in 2017. LifeWise will completely exit the Oregon health insurance marketplace.
More articles on payer issues:
St. Francis Health president: Lack of Medicaid expansion big driver of hospital sale
900 University of Louisville Physicians added to CareSource network
Aetna, Humana extend merger deadline
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