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Policy change, competition needed to slow premiums growth, experts say

HOUSTON, TEXAS (November16, 2016)

For more than a decade, health insurance costs have increased at a rate deemed unsustainable by health care industry professionals. The Greater Houston area and Texas are not immune; the 13 insurance carriers in the state offered through the national health insurance marketplace have proposed 2017 rate increases up to 60 percent. The upward trend of health insurance costs shows no signs of slowing, but industry professionals said remedies are available. Memorial Hermann Health System is the only Houston hospital system that offers its own insurance plan. Dan Styf, CEO of the Memorial Hermann Health Plan, said that collaboration between care and insurance allows it to reduce costs. The plan currently covers 70,000 people.

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