Support journalism that matters to you

Since COVID-19 impacts us all and we want everyone in our community to have the important information they need, we have decided to make all coronavirus related stories free to read on theday.com/coronavirus. While we are providing free access to articles, they are not free to produce. The newsroom is working long hours to provide you the news and information you need during this health emergency. Please consider supporting our work by subscribing or donating.

Blumenthal says proposed insurance rates are unaffordable

HARTFORD (AP) — U.S. Sen. Richard Blumenthal says proposed health insurance rate increases in Connecticut are unaffordable.

The Connecticut Democrat says the rates released by the Connecticut Department of Insurance for 2020 on Friday deserve strong scrutiny.

The insurance department says the proposed average individual rate request is a 7.8 percent increase, compared to 12.3 percent in 2019. The proposed average small group rate request is a 12 percent increase, compared to 10.2 percent in 2019.

The reinstatement of a federally mandated health insurer tax accounts for about 3 percentage points of each carrier's increase request. The department says ongoing rising medical costs are also a key driver.

Blumenthal says Congress must continue working to bring down costs of prescription drugs and medical services.

Fourteen filings were made by 10 health insurers for plans that currently cover 242,000 people.

 

READER COMMENTS

Loading comments...
Hide Comments

TRENDING

PODCASTS