Good Government Group Says Health Insurance Rate Hikes Are Not Justified

Summary by Ground News

Connecticut Citizens Action Group updated its report on insurance company profits. Five of the companies looking to increase premium rates on consumers in 2023 saw billions of dollars in profits, stock buybacks, and executive compensation. A public hearing on the proposed rate increases will be held at 9 a.m. Monday at the Legislative Office Building.

1 month ago·Hartford, United States

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The CT Mirror

As insurers seek CT rate hikes, Congress set to up health care benefits

Congress on Friday was poised to pass Democrats’ major bill aiming to reduce inflation that will in part lower health care costs for those enrolled through the Affordable Care Act and Medicare. But as lawmakers in Connecticut praised the federal relief, they’re also raising concerns about proposed rate hikes that could affect plans for thousands of people in the state.Connecticut Democrats are celebrating the “Inflation Reduction Act” after more…

1 month ago

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ctnewsjunkie.com

Good Government Group Says Health Insurance Rate Hikes Are Not Justified

The Connecticut Citizens Action Group updated its report on insurance company profits in anticipation of Monday’s hearing on the double-digit rate hikes proposed by health insurance companies in the individual and small group marketplace.

1 month ago

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