Health Insurance Rate Watch Project
OSPIRG’s Health Insurance Rate Watch Project is standing up to health insurers when their rate hikes are excessive and unjustified.
FIGHTING UNJUSTIFIED PREMIUM HIKES
It’s time for health insurers to get serious about lowering the cost of care by cutting waste and focusing on preventive care that gets results —instead of raising deductibles and hiking premiums. OSPIRG’s Health Insurance Rate Watch Project is working to make this a reality.
Together, we’re making a difference. Thanks to an OSPIRG-backed law, the state has held insurance companies accountable for their increases and cut over $155 million in waste out of premiums for Oregon consumers and small businesses. Highlights include:
- Regence: $12.5 million in waste cut, over $200 per person, when the state knocked back a 22% proposed increase nearly in half.
- Providence: $17.9 million in waste cut when the state trimmed back proposed rates by over 20%.
WHAT’S AT STAKE
Health care costs too much, delivers too little in return, and is squeezing the budgets of families and small businesses across the state. At the same time, we know from study after study that a third or more of every dollar we spend on health care is wasted on something that does not improve our health.
Health insurance companies could be lowering costs by cutting administrative bloat, driving a hard bargain with hospitals on prices, paying doctors to keep people healthy rather than to order expensive treatments, and passing on those savings to customers. But too often, they just keep raising rates on their customers without doing these things.
Before insurance companies hike rates, they need to demonstrate that they are doing everything they can to keep rates down. State officials need to scrutinize these rate hikes to make sure every red cent is justified — and reject them if they are not. When we’ve brought public pressure to bear on rate increases, we’ve seen results.
Learn more about Oregon's health insurance rate review process and sign up to get notified about major rate proposals at the Oregon Insurance Division's consumer-friendly website, www.oregonhealthrates.org
Tools & Resources
Tell the Governor: Hold insurers accountable for cutting waste and prioritizing prevention.
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