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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.
As for ongoing concerns about the possibility of major reforms to, or repeal of, the Affordable Care Act, new CEO James Michel dismissed it as “background noise."
The department ruled that the average increase for individual plans is 2.72 percent, down from the average request of about 12 percent.
In July, Anthem filed a request for a 9.1 percent average rate hike for next year; ConnectiCare is seeking a 13 percent average rate increase.
The proposed average individual rate increase request is 12.3 percent, while the proposed average small group rate increase is 10.22 percent.
“By activating this program, insurance companies are able to quickly get more help on the ground where it’s most needed,” said Insurance Commissioner Katharine Wade.
Anthem had Connecticut’s largest market share both in HMO enrollments and Indemnity enrollments by company.
Insurance Department Commissioner Katharine Wade has ordered Anthem and ConnectiCare to revise their rate filings again and resubmit them this week.
“This extension gives Access Health CT and our customers a better understanding of what to expect and when,” AHCT CEO Jim Wadleigh said.
At issue is whether the federal government will discontinue cost-sharing reduction payments, which provide financial assistance for consumers via lower co-payments and deductibles.
The department’s Market Conduct division levied approximately $1.3 million in fines against carriers.
The public can make their thoughts known at the hearings in Hartford, online or by mail.