The Office of the Insurance Commissioner (OIC) of Washington State has released the individual market filings. The announcement includes several significant results. All of Washington’s counties have one or more insurers selling inside the exchange. In addition, 13 of the insurers that filed proposed a record-low rate increase. And, two new insurers are joining Washington’s health insurance market: PacificSource Health Plans and Providence Health Plan.
“Despite the Trump administration’s effort over the last two years to sabotage the Affordable Care Act, this year’s filings are evidence that our full adoption of the law and the steps we’ve taken to defend and preserve it are stabilizing our market,” Insurance Commissioner Mike Kreidler said. “We have more work to do to lower the cost of health care and to help lower out-of-pocket costs, but these proposed rates are welcome news.”