rate increases

Regence BlueCross BlueShield Wants to Raise Rates for Small Businesses

However, the insurer has toned down its request after realizing that its medical and pharmaceutical costs did not take as huge an increase as anticipated

September 13, 2012 -- Regence BlueCross BlueShield is at it again – this time asking for a 4.3 percent average rate increase for small employers that, if approved, would take effect in January.

However, this time around Regence’s request actually represents a 3.9 percent decrease from previously approved rates by the Oregon Insurance Division. .

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.

Insurance Division Approves 2.2 Percent Rate Increase for Providence

That rate hike will impact small employers starting August 1 who have about 30,000 employees

April 2, 2012 -- Small employers who have coverage through Providence Health Plans will see their rates climb, on average, by 2.2 percent starting August 1. The rate hike will impact about 30,000 people over nine months, and range between 1.88 and 5.4 percent.

“We're doing all we possibly can to get our rate increases to as low a figure as possible,” said Jack Friedman, CEO of Providence Health Plans.

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