Washington Ins. Market Sees 8.9% Spike for '24

Timothy A Gruver

Fourteen health insurers have gotten the green light to , the Washington Insurance Commissioner reported on Wednesday.

"I'm relieved to see that our competitive health insurance market is continuing and that people in every county will have choices," said Insurance Commissioner Mike Kreidler. "But I'm deeply concerned at what these increases mean for individuals and their families. We know that several factors drive health care cost increases, including getting the timely care we need and the prices hospitals and health care providers are paid to deliver that care."

According to the OIC, an estimated 220,059 people were enrolled in the individual health insurance market in Washington. At least 192,085 people bought their coverage through the exchange and more than 75 percent received some financial aid to pay their monthly premium, the OIC reports.

The average rates for the following healthcare providers mentioned above are as follows for 2024:

Photo byCourtesy of the Office of the Insurance Commissioner
Photo byCourtesy of the Office of the Insurance Commissioner

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Timothy Gruver is a writer and reporter with experience in writing for mass media.

Olympia, WA

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