Healthcare Cost Drivers To Be Unveiled December 1

HARTFORD — The Connecticut Insurance Department (CID), the Office of The Healthcare Advocate (OHA), and the Office of Health Strategy (OHS) will jointly hold an informational session with a collection of stakeholders to discuss the various cost drivers contributing to the rising cost of healthcare and health insurance premiums.

Representatives from hospitals, non-hospital healthcare providers, pharmacies, insurers, and academics will participate in several panel discussions.

“Identifying healthcare cost and cost growth drivers are necessary steps to begin to rein in costs, increase transparency, and help make health care more affordable and available for all,” said Insurance Commissioner Andrew N. Mais.

“Healthcare affordability is critical for the health and outcomes of Connecticut residents, and to the longevity and effectiveness of our healthcare system,” said Connecticut Healthcare Advocate Ted Doolittle.

“Limiting healthcare cost growth is an economic imperative that will help our businesses compete and families better afford a higher quality of life,” said Office of Health Strategy Director Kim Martone.

Subjects being covered include:

*What are the main drivers of healthcare costs in US & Connecticut

*How are medical prices determined?

*Other factors in setting prices

A conversation among Insurance & Real Estate Committee co-chairs and ranking members will conclude the program.

The informational session will be held both in person at the Legislative Office Building, Hartford, and streamed live online on CT-N at 9 am.