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State rejects Regence request for rate increase

The Columbian
Published: December 7, 2010, 12:00am

OLYMPIA, Wash. (AP) — Insurance Commissioner Mike Kreidler has rejected the most recent health insurance rate increases requested by Regence BlueShield and its subsidiary companies.

The rate increases were sought to individual health plans offered by Regence BlueShield, Regence BlueShield of Oregon and Asuris Northwest Health and would have taken effect Jan. 1.

Regence BlueShield and Asuris sought a 3.7 percent increase and Regence BlueShield of Oregon requested 4.9 percent.

They already had increases approved this year ranging from 15.4. to 23.7 percent, and the 149,000 people covered by the plans will continue to pay those rates, the commissioner’s office says.

Regence has the right to appeal the decision. The company did not immediately respond to a request for comment.

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