More than 220,000 Oregonians who buy their own health insurance are likely to pay much higher premiums next year.
State regulators have announced rates for people who aren’t covered by their employers or government programs and the rates will have a bit of rate shock when customers open their letters.
While some insurers proposed rates similar to, or better than this year’s, state insurance watchdog officials are ordering them to be raised claiming they need to close a sizable gap between what insurance companies take in and what they pay out in claims.
Here’s more in the Oregonian. Click here.