By Consumers for Quality Care, on June 22, 2022
Several of Washington state’s major health insurance providers are requesting that state regulators approve an average 7.16 percent hike increase in health insurance premiums for 2023. One company, Utah-based BridgeSpan Health Company, is seeking a 16.10% rate increase.
According to The Chronicle, the rate increases are for individual health insurance purchased both on the state’s health insurance exchange and outside the exchange, not including employer-provided insurance plans.
The already rising costs of health care make it harder for consumers to afford the care they need. CQC urges regulators and lawmakers to reject the health insurance providers’ request to increase premiums as it would significantly decrease the affordability of health care for many of Washington’s residents.