Calls are increasing from advocates, legislators and public officials to better regulate health insurance rates in CT. A bill being heard today in the Insurance and Real Estate Committee, SB-194 An Act Concerning Rate Approvals for Individual Health Insurance Policies, would tighten the CT Insurance Dept. procedure for approving insurers’ proposed rate hikes. A recent report by the Office of Legislative Research found that the Dept. rarely denies insurer requests. The US Dept. of Health and Human Services released a report last week highlighting CT among states with very large insurer rate requests and predicts 20 to 40% rate increases into the future. The President’s recent health reform plan proposes to regulate premiums at the federal level rather than the states.
Ellen Andrews
Thursday, February 25, 2010
Pressure is building to improve health insurance premium regulation
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