DCBS releases preliminary 2022 rate decisions

The Oregon Department of Consumer and Business Services (DCBS) this week released the state’s preliminary 2022 rate decisions for individual and small employer health insurance plans.

In the individual market, six insurers filed an average 1.8% rate increase. These range from a 4.9% rate increase proposed by Regence BlueCross BlueShield of Oregon to a 1% decrease proposed by Providence Health Plan. For all six insurers, the preliminary rate decision by the department matches their rate requests.

With these preliminary decisions, Silver Standard Plan premiums would range from $450 to $505 for a 40-year-old in Portland.



For the small group market, 10 insurance companies requested an average 1.5% increase – ranging from a 3.3% decrease to a 5.2% increase.

UnitedHealthcare Insurance Company requested a 5.2% rate increase and UnitedHealthcare of Oregon requested a 4.3% increase. A representative from DCBS said both insurers requested their rates be lowered because of “revised factors they considered.” The preliminary rate decisions show a 3.5% increase for UnitedHealthcare Insurance Company and a 2.5% increase for UnitedHealthcare of Oregon.


Image: Oregon Department of Consumer and Business Services


DCBS says the continued rise in medical costs, the Oregon Reinsurance Program, and adjustments related to House Bill 2623 – which limits cost-sharing for insulin prescriptions – all can have an impact on rates.

The full list of 2022 preliminary rate decisions is available here.

The preliminary rate changes will undergo review during two virtual public hearings – one on July 6 and the other on July 7. During these hearings, insurance companies will offer a presentation on their rate requests, hear public comments from Oregonians, and answer questions from DCBS’s Division of Financial Regulation.

Final rate decisions are expected in August.