House Bill 3458

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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