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Officials, insurers urge legislature to renew reinsurance assessment to keep premiums lower
Summary
Regulators and insurers told the House committee that the Oregon Reinsurance Program modestly lowered individual market premiums and that House Bill 2010 would extend the premium assessment that helps fund the program; speakers warned of federal pass‑through funds at risk if action is delayed.
Regulators and insurers told the House Committee on Behavioral Health and Health Care on Jan. 23 that Oregon’s 1332 waiver and the Oregon Reinsurance Program (ORP) have reduced individual market premiums and that House Bill 2010 is needed to continue the program and related premium assessments.
Noomi Bridal Griffith of the Division of Financial Regulation explained that Oregon operates a 1332 waiver allowing the state to run a reinsurance program that pays part of very high…
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