Many Oregonians are likely to face substantially higher health insurance premiums in 2017.
The state has just released the rates that health insurance companies are asking to charge next year.
Moda has been struggling to stabilize its finances. And it’s asking for the highest increase in the individual market — more than 32 percent.
But it’s not alone. Oregon’s Health CO-OP is asking for 32 percent; Providence wants 29 percent; ZOOM+ wants 22 percent.
Jake Sunderland with the Oregon Consumer Department said they’ll analyze the rates over the next two months, with the public’s help.
“There’s a form to fill out to comment and let us know how it impacts you, and we want to hear from Oregonians,” Sunderland said.
Rate requests in the "small group market" are lower. The highest rate request in that category is 17 percent.
Half a dozen companies actually asked for premium reductions.
On top of that, about 70 percent of Oregon consumers on the individual marketplace receive tax credits, which will help compensate for rate increases.