Connecticut Pares Some Insurance Rate Hikes, Rejects Others

HARTFORD, Conn. (AP) — The Connecticut Department of Insurance has released its rulings on rate requests filed by a dozen health insurers and some still include double-digit increases for consumers.

The agency said in a statement on Friday that the rates reflect rising medical costs and elimination of the federal payments previously made to insurers to help stabilize rates during the first three years of the Affordable Care Act.

Both Anthem Health Plans and ConnectiCare Insurance Co. are being ordered to recalculate their rate requests for certain plans they offer to consumers. Commissioner Katharine L. Wade says they were too excessive. The revised rates are due by Sept. 7.

The department is paring a proposed 27.1 percent average increase for individual plans offered by ConnectiCare on the state’s health insurance exchange to 17.4 percent.

 

Copyright 2016 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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