Regence BlueShield

Washington Legislature

Strong opposition and intense lobbying by Washington’s health insurance industry has resulted in a key change to a consumer-oriented measure designed to address rising premium costs.

The proposal from Democratic state Sen. Christine Rolfes originally aimed to require the state’s Office of Insurance Commissioner (OIC) to factor in a company’s surplus funds when deciding if a proposed rate increase was reasonable.

Washington Health Benefit Exchange

In recent years, people who buy health insurance on the individual market have experienced steep premium hikes, higher deductibles and increases in other out-of-pocket expenses. At the same time, Washington’s three biggest nonprofit insurers have amassed nearly $4.5 billion dollars in surpluses.