Oregon regulators weren’t surprised by the year-end results that health insurance carriers reported last week, based on trends emerging throughout 2015.
Oregon’s seven largest insurers lost $171.6 million in 2015, up form a net loss of $46.7 in 2014 and a profit of $78 million in 2013, according to DCBS. But an average 22 percent rate increase for this year should start to bring revenue more into alignment with expenses.
“We took a fair amount of heat at rate filings time, when we asked companies…Oregon regulators weren’t surprised by the year-end results that health insurance carriers reported last week, based on trends emerging throughout 2015.
Oregon’s seven largest insurers lost $171.6 million in 2015, up form a net loss of $46.7 in 2014 and a profit of $78 million in 2013, according to DCBS. But an average 22 percent rate increase for this year should start to bring revenue more into alignment with expenses.
“We took a fair amount of heat at rate filings time, when we asked companies…