Bill sets rules for health rate increases

Statesman-Journal:

Health insurers will have to alert policy holders when rates increase under specified conditions as part of a bill that cleared the Oregon Senate on Thursday.

Under Senate Bill 718, which went to the House on a 25-5 vote, the Department of Consumer and Business Services will have to post online detailed explanations of its approval of rate increases.

"These issues are too important to Oregonians and small business to happen behind closed doors," said Sen. Chip Shields, D-Portland, chairman of the Senate committee that produced the bill.

Read the full article here. Discuss below.