ZOOM+ Encourages Insurance Division to Consider Innovation When Setting Rates

Date: Tuesday, June 30, 2015
Source: The Lund Report

Oregon's insurance market is crippled by waste, marred by friction and overpriced that's the conclusion reached by Dr. Dave Sanders, CEO of ZOOM+, who urged the Oregon Insurance Division to lower its individual rates at a hearing in Salem yesterday.

ZOOM+ is among six insurers whose rates were bumped up when the Division issued its preliminary decisions along with Health Net, Kaiser, Oregon Health CO-OP, Providence Health Plan and Trillium Community Health Plan.

Early next week, the Division is expected to announce the final rates in the individual and small group market for 2016. Enrollment begins Nov. 1.