Kaiser Permanente Lowers D.C. Insurance Exchange Rates 4.4%

Health insurer Kaiser Permanente has lowered its proposed rates for consumers in the new Washington, D.C., health insurance exchange by 4.4 percent for small business employees and 0.5 percent for individuals.

This makes Kaiser the third insurer participating in the exchange to lower its rates, according to a news release from the D.C. Department of Insurance, Securities and Banking. Aetna cut its rates by more than 5 percent. UnitedHealthcare previously lowered its rates by more than 10 percent and recently dropped them again by nearly 5 percent.

"These lower rates are more incontrovertible proof DC Health Link is already bringing competition to the insurance market," said William P. White, commissioner of the Department of Insurance, Securities and Banking, in the news release. "Kudos to the companies and the way they have adjusted quickly and adroitly to this new market."

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