Bill > HB2564

This bill modifies Oregon's insurance rate review process for individual and small employer health benefit plans by updating the procedural steps for how rate filings are reviewed and approved by the Department of Consumer and Business Services. The bill introduces several key changes, including requiring insurers to submit a consumer-friendly summary document with their rate filings, and modifying the terminology and process for rate review decisions from "preliminary decision" to "proposed order" and "final order." The bill establishes a 30-day public comment period for rate filings, requires the department to post comments and orders on its website, and provides a process for insurers or affected parties to request reconsideration of a rate order. The director retains discretion to approve rates based on factors like actuarial soundness, reasonableness, administrative expenses, and potential impact on solvency. Additionally, the bill clarifies that insurers cannot introduce new facts during the review process, and adds a provision for judicial review of final orders under existing administrative law procedures. The overall aim appears to be increasing transparency and providing a more structured approach to health insurance rate reviews.

Health and Social Services

https://olis.oregonlegislature.gov/liz/2025R1/Measures/Overview/HB2564