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Feds greenlight Oregon's plan to stabilize individual insurance market

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The federal government on Thursday approved Oregon’s plan to stabilize health insurance rates for people who buy their own insurance — a market that has been battered by rate hikes and insurer departures over the past three years. The Oregon Department of Consumer and Business Services got word from the U.S. Centers for Medicare and Medicaid Services that its 1332 State Innovation Waiver was a go. Approval means about $30 million a year to fund the Oregon Reinsurance Program, which was created…

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