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Blumenthal: Proposed Insurance Rates Are Unaffordable

By The Associated Press | July 15, 2019 | Reprints | Unlock Link | Print

U.S. Sen. Richard Blumenthal says proposed health insurance rate increases in Connecticut are unaffordable.

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

The insurance department said 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 said ongoing rising medical costs are also a key driver.

Blumenthal said 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.