A NEARLY 20% INCREASE? SEN. HWANG AND HARDING STATEMENT ON POTENTIAL HEALTH INSURANCE RATE SPIKE
States News Service
The following information was released by the Connecticut State Senate Republicans:
Sen. Tony Hwang and Sen. Stephen Harding issued the following statement in advance of today's hearing at the Legislative Office Building regarding Connecticut insurers wanting to boost the cost of state-regulated individual health plans by an average of 17.8% next year.
"Unaffordable. Unsustainable. Unacceptable.
And we might add.....
Unbelievable.
A nearly 20% increase?
Please: State government regulators. Do all you can to protect consumers. We are speaking for thousands and thousands of them they contact us every day.... and they are crying "Uncle".
We are listening to them. We will not stop fighting to protect the people and small business owners who drive our economy.
Another huge rate spike will crush working and middle class families. Don't do that to them."
Best's Review Presents ‘Standing the Test of Time – 2025 Edition’
AM Best Assigns Credit Ratings to Fidelity Security Assurance Company
Advisor News
- Could a narrower focus help grow your practice?
- U.S. debt hits $40 trillion: how to support concerned clients
- Flourish brings private-bank-like cash solution to MassMutual’s network
- Majority of Americans concerned recent market highs are unsustainable
- GLP-1 users choose between medication and retirement saving
More Advisor NewsAnnuity News
- Corebridge Financial Introduces Progressive Trigger, a First-of-Its-Kind Index Annuity Strategy Designed to Turn Missed Years into Future Opportunity
- Insurer proposes $1.1M deal to resolve CA teachers’ annuity fee lawsuit
- IMOs get frustrated with slow carrier adoption of faster technology
- New class-action lawsuit targets Delaware Life over annuity disclosures
- A client remarried: Does their annuity still fit?
More Annuity NewsHealth/Employee Benefits News
Life Insurance News