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PORTLAND, Ore. (AP) — Oregonians who buy their own health insurance will see a big jump in rates next year.
Depending on the insurance company, individual plans that comply with the Affordable Care Act are increasing anywhere from about 10 percent to 32 percent on average.
For a 40-year-old Portland resident, for example, it means monthly premiums will rise as much as $107 or so.
State officials released the final 2017 rates Friday for Affordable Care Act-compliant plans. The rules also included small business insurance plans, some of which will drop by as much as 9 percent while others climb no more than 17 percent.
The state reviews rates to ensure they're sufficient, but not excessive, to cover insurers' costs. State officials say the 2017 increases largely stem from limited consumer options.
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