Original source: https://www.courant.com/business/hc-biz-health-insurance-rates-20190904-o3a3nsedxbgmbi7lbp6vbh7zha-story.html
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Hartford Courant (09/04/19) Singer, Stephen
In a Sept. 4 hearing before the Connecticut Insurance Department, ConnectiCare defended a proposed 4.9% gain in the state’s human market and 4.8% on average from the small group marketplace. Anthem, meanwhile, seeks an average increase of 15.2percent in the respective market and a 14.8% gain in the small group marketplace. The programs in question pay approximately 147,000 Connecticut residents, based on Connecticut Insurance Commissioner Andrew Mais. He noted,”In addition to the national tax, ongoing increasing cost of health care is a vital driver of health insurance premium rate increase asks .” The insurers cited rising for why they’re seeking rate increases, medical and prescription drug costs. Rob Kosior, chief operating officer of ConnectiCare, noted that individuals who choose not to buy insurance are inclined to be younger and healthier. Mais explained a decision on the prices for next year would come from the end of September. … Read More
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