09/06/2024 | Press release | Distributed by Public on 09/06/2024 11:52
09/06/2024
(Hartford, CT) - Attorney General William Tong released the following statement regarding rate increases approved today by the Connecticut Insurance Department for Anthem Blue Cross and Blue Shield, ConnectiCare and United/Oxford plans available on the individual and small group market, both on and off the state-sponsored exchange.
"I appreciate that the Insurance Department reduced the requested rate hikes, but these year-after-year increases remain simply unaffordable and unsustainable. They reflect the inability of insurers to negotiate provider reimbursement rates that are consistent with other measures of inflation in the Connecticut economy. I agree fully with Commissioner Mais that we need to address the root cause of these ballooning rates-the skyrocketing cost of healthcare. Insurers are not passive players in this broken dynamic-in fact, they profit from it. If insurers are unwilling or unable to effectively negotiate cost controls, we need to take a tough look at our incentives and our laws to force that change," said Attorney General Tong.
Twitter: @AGWilliamTongFacebook: CT Attorney General
Elizabeth Benton
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860-808-5318
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