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Aetna, which had requested an 18.9% increase, instead received no increase at all.
Anthem is seeking a 9.9% average increase in its individual policies, and a 9.5% rise in its small group policies. ConnectiCare is asking for an average increase of 5.5% for individuals but a 0.2% decrease in its small group policies.
While it may seem a given that an insurance company should be ready for any and every eventuality, ConnectiCare President Eric Galvin freely admits that COVID-19 has represented a very large exception.
Allstate and American Family Insurance -- announced plans to return roughly $800 million to their auto insurance customers because of the reduction in driving due to the COVID-19 pandemic.
Gov. Ned Lamont has also signed an executive order further restricting retail operations and requiring firearm transactions to be conducted by appointment only.
Ted Doolittle, the State’s Healthcare Advocate, accused Aliera and its subsidiary Trinity HealthShare of engaging in “deceptive marketing and unfair claims adjudication practices that include preexisting condition exclusions, lifestyle choices and other reasons that ordinarily would be prohibited" under the Affordable Care Act.
Anthem and ConnectiCare have proposed rate increases of 15.2% and 4.9%, respectively, for individual health plans.
Wade’s announcement arrives just three weeks before Gov.-elect Ned Lamont is inaugurated on Jan. 9. Lamont has not said who he has in mind for the CID commissioner job.
The proposed average individual rate increase request is 12.3 percent, while the proposed average small group rate increase is 10.22 percent.
Cid previously has been a senior vice president at the Corcoran Group and Douglas Elliman.
The public can make their thoughts known at the hearings in Hartford, online or by mail.
The nonprofit health insurer was suspended in July from offering new policies by the Connecticut Insurance Department.
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