health premiums

Oregon And Other States Leverage Federal Funds To Help Insurers Lower Premiums

Reinsurance programs, which are gaining in popularity across the country, use federal money to help pay insurers who cover patients with high medical bills. They've helped curtail premium increases in Oregon.

When Tracy Deis decided in 2016 to transition from a full-time job to part-time contract work, the loss of her employer’s health insurance was not a major worry because she knew she could get coverage through the marketplace set up by the Affordable Care Act.

Health Committee Approves Bill to Offset 2014 Premium Hikes

A closed-door task force crafted HB 3458, the Oregon Reinsurance Program, after a consultant reported insurance premiums on the individual market would climb 38% next year. The program assesses insurers $4 per policy per month, a decline from current state assessments.

 

April 4, 2013 — The House Health Committee has unanimously passed major reinsurance legislation, designed to offset the spike in premium rates next year when insurers are required to accept thousands of sick people who had previously been denied coverage because of pre-existing conditions such as cancer and heart disease.

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