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
- Why advisors should offer retirement-longevity planning
- A hybrid approach outperforms the 4% Rule, researchers find
- The missing piece in most retirement plans
- Clients are bringing TikTok insurance advice into advisor meetings
- Embracing a family-centric approach to financial planning
More Advisor NewsAnnuity News
- The Manhattan Life Insurance Company Acquires Union Security Life Insurance Company of New York
- Cayman Islands premier to meet with U.S. reinsurance regulators
- Investigation finds deceptive sales, churning of annuities targeting postal workers
- Corebridge annuity sales slip ahead of Equitable marriage
- California teachers settle class-action lawsuit over in-plan annuity fees
More Annuity NewsHealth/Employee Benefits News
Life Insurance News
- AM Best Affirms Credit Ratings of PT KB Insurance Indonesia
- Westaim Reports Q2 2026 Results for the Quarter Ended June 30, 2026 and Leadership Update for Ceres Life Insurance Company
- Bismarck man convicted of insurance fraud involving dead wife sentenced to prison
- Insurers, rating firms push back on NAIC credit rating oversight plan
- The Manhattan Life Insurance Company Acquires Union Security Life Insurance Company of New York
More Life Insurance News