SALEM, Ore. -- Oregon recently released prices for the health insurance marketplace next year, but at least one company was told its rates were too low.
Dr. Ralph Prows, CEO of insurance provider Oregon's Health CO-OP, says he was surprised when state regulators wouldn't let his company drop their rates more.
The Statesman Journal reports that the provider requested a 21 percent drop in its rates. But the state only allowed a 9.9 percent reduction.
State officials say that if rates dip too low, an insurance provider may not be able to guarantee a sustainable business and pay claims.
Prows plans to appeal to the state again for the lower rates.