OHIC’s approach saves R.I.ers significant financial pain

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HIGHER RATES: The Office of the Health Insurance Commissioner has approved 18-20 percent increases in health insurance rates for silver-level plans in the individual marketplace, due to the elimination of cost-sharing reduction payments to insurers from the federal ­government. / BLOOMBERG 
FILE ­PHOTO/
ANDREW ­HARRER
HIGHER RATES: The Office of the Health Insurance Commissioner has approved 18-20 percent increases in health insurance rates for silver-level plans in the individual marketplace, due to the elimination of cost-sharing reduction payments to insurers from the federal ­government. / BLOOMBERG 
FILE ­PHOTO/
ANDREW ­HARRER

It might seem counterintuitive to praise Health Insurance Commissioner Marie L. Ganim for keeping the average cost increases in 2018 for the benchmark silver plans on the state’s health insurance marketplace, HealthSource RI, to 18-20 percent. And yet that is exactly what should be done. The significant increase in plan premiums is the result of

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