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The state of Oregon has adopted new rules aimed at slowing the rise of health care costs.
New Oregon Health Policy Board rules require that insurance companies better justify increases in their premiums.
Particularly, the companies will be required to show how they’re boosting preventive care, that keep customers healthy, and quantify their progress towards holding down costs.
Jesse O’Brien, with the consumer group OSPIRG, says he’s excited to learn how successful insurance company prevention efforts really are.
“The idea is that they’ll be required to provide some hard data about the results of what they’re doing,” she said.
The Oregon Insurance Division began holding public hearings in 2011 on significant rate increase requests.
OSPIRG estimates those efforts have saved consumers about $155 million.
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