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Health Insurance Companies Have Until Thursday To Submit 2016 Rates

<p>Customers will soon be able to see how much their health insurance company wants to charge them for coverage next year.</p>

healthcare.gov

Customers will soon be able to see how much their health insurance company wants to charge them for coverage next year.

Companies that want to offer health insurance under the Affordable Care Act have until Thursday to submit their rates for next year.

It's the first time since the new law was implemented that companies have had a full year of claims data on which to base their projections.

Oregon Insurance Division Commissioner Laura Cali said the agency has made a couple of changes to the rate review process this year.

First, conference calls between the state and insurance companies will be open to the public. And second, the division will make a preliminary decision on filing and then hold further discussions.

"We think it's going to result in a fairer decision and also a more transparent and clearer understanding for the public and the insurer about how we arrived at our decision," she said.

The public will be able to see each company's proposed rates beginning Monday at .

Final prices will be available in July.

Copyright 2015 Oregon Public Broadcasting

Kristian Foden-Vencil is a reporter and producer for Oregon Public Broadcasting. He specializes in health care, business, politics, law and public safety.