Oregon DCBS posts final 2018 health plan rates

The Department of Consumer and Business Services has posted the final approved rates for 2018 individual and small group health plans.

The average rate changes range from a 1.6 percent decrease (BridgeSpan) to a 14.8 percent increase (Kaiser). The almost all the rate changes are the same as the preliminary requests, except for Providence Health Plan which will increase 10.8 percent instead of the preliminary 8.6 percent.

The majority of counties will have at least two carriers both on and off the Exchange. Douglas and Lincoln Counties only have one carrier on and off the Exchange and one carrier off the Exchange.

DCBS Director Patrick Allen said:

Although health insurance premiums will be increasing in 2018, for many Oregonians those increases will be offset by corresponding increase in financial help available through Oregon’s Health Insurance Marketplace. Still, we know a large number of Oregonians who do not receive help will see increased costs.

We are committed to continuing to work on reforms that make insurance affordable to more people. We remain concerned about the limited health plan choices some counties are facing, and will work with insurance companies throughout the next year to try to increase competition throughout the state in 2019. An important first step taken by the state is the creation of the Oregon Reinsurance Program. Without this program, we would be seeing counties with no Marketplace plans, and much larger rate increases for those who purchase insurance on their own in 2018.