John Thomas

OSPIRG Foundation Critical of Rate Increase Proposed by HealthNet

The rate increase, which would impact small businesses, is projected to increase premium rates by 8.8 percent on average, however some families would see rate hikes above 20 percent

May 10, 2012 -- Small business owners insured by Health Net could see their premiums increase by an average of 8.8 percent starting August 1.

If HealthNet’s proposal is approved, it would affect 38,492 Oregonians – nearly 29 per cent of its 134,000 members across Oregon and Washington. The rate hike is necessary, according to HealthNet,
because its prescription costs have risen by 11 percent and medical costs by 8.9 percent since 2011.

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