CT elected officials criticize double-digit rate increases sought by health insurers, demand public hearing [Hartford Courant]
Connecticut’s elected officials are lining up against proposed health insurance rate increases, with
Attorney General
Insurance Commissioner
Final 2023 rates will be announced after the hearing and an actuarial review, he said. A hearing date for early August will be announced this week.
“The department is fully committed to consumer protection and transparency, which is why our hearings are all open to the public and broadcast over the public affairs CT-N Network,” Mais said.
“We are pleased that
Insurance companies that sell policies on and off Connecticut’s Affordable Care Act exchange are seeking an average increase of 20.4% for individual health plans next year, according to details released Friday by the
Carriers on small group plans are asking for an average increase of 14.8%.
She also cited the expiration this year of tax credits provided in the American Rescue Plan Act.
Record inflation is coinciding with an election year, putting officials on the defensive and facing what’s expected to be an angry electorate heading to the polls in November.
Check back for updates.
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