Original source: https://www.courant.com/business/hc-biz-health-insurance-rates-approved-20190913-ahm4v6gi6nhjvpsgemyjruannu-story.html
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Read the launch from the Connecticut Insurance Department.
Hartford Courant (09/13/19) Singer, Stephen
Connecticut Insurance Commissioner Andrew Mais approved an average growth for individual health insurance programs of 3.7% from an ordinary petition of 7.9% for 2020 health insurance programs. He also accepted an average growth for small group programs of 9.2%, down from the requested average of about 12 percent. Mais says about $54 million will be saved by Connecticut customers. The decision has for health plans accessible the exchange rate increases asked. “I shall continue to work collaboratively with stakeholders in Connecticut’s health care system to discover methods to attain significant savings while continuing to encourage accessibility to a number of the greatest health care services in the nation,” he states. Rising health care costs for greater demand for services and prescription drugs can be currently contributing to the insurance costs, the section explains. Other factors cited by regulators include the reinstatement of their mandated health insurance tax, which accounted for about $53 million, or a mean of 3% in extra premium. … Read More
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