Oregon Division of Financial Regulation to lower health insurance rates

Lauren Pretto July 30, 2024

Last Updated: July 30, 2024

MEDFORD, Ore.- The Oregon Division of Financial Regulation, or DFR, issues a preliminary decision to lower health insurance rates.

Every year, the DFR conducts a transparent health insurance rate review process for health plans that comply with the Affordable Care Act.

Six health insurance companies submitted health insurance rates with a weighted average increase of over 9%.

The DFR aims to lower those rates to an average of just over 8%.

The DFR will hold a virtual hearing August 6th before making final decisions later next month.

Lauren Pretto July 30, 2024

Lauren Pretto

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NBC5 News Reporter Lauren Pretto grew up in Livermore, California and attended University of California, Santa Cruz, graduating with a double major in Film/Digital Media and Literature with a concentration in Creative Writing. Lauren is a lover of books, especially Agatha Christie and Gothic novels. When her nose isn't buried in a book, she knits, bakes, and writes.