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Media contact: Public Affairs, (360) 725-7055
The Office of the Insurance Commissioner (OIC) announced today that 11 health insurers have been approved to sell in Washington's 2025 Exchange health insurance market.
The approved average rate increase of 10.7% is lower than the 11.3% average increase requested.
"I know this rate increase will hit hard for many people, especially at a time when other expenses are up," said Insurance Commissioner Mike Kreidler. "A key driver behind these rates is the increase in services used and the cost to deliver that care. Addressing the underlying costs of health care will require some difficult choices, but consumers and our health care system cannot afford to wait. Our recent report delivered to the state Legislature last month details the impact several policy strategies can have on health care and insurance costs. I'm hopeful the Legislature will use this data to work toward meaningful, concrete changes in our health care system. These costs will not decrease if we don't act now."
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