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Auditors: State agency doled out $37M while violating public notice law

A state economic development agency that approved nearly $37 million in total aid to businesses in 2011 and 2012 failed to give public notice of its meetings during that time as required by law, the state auditors disclosed Wednesday. The quasi-public Connecticut Development Authority also did not submit an annual schedule of its meetings with […]

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Are business taxes that high given what Connecticut companies can earn?

Connecticut’s business taxes don’t loom quite so large when compared with the revenues companies rake in throughout the Nutmeg State. A recent study commissioned by a national coalition of nearly 600 multi-state corporations found Connecticut continues to offer one of the most favorable business tax climates in the country – even after the hefty tax […]

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‘No wrong door’ for health reform coverage? Not quite, official says

In theory, there will be “no wrong door” for Connecticut residents without health insurance to get signed up for coverage as part of the federal health reform law. They’ll be able to apply through the state’s new insurance marketplace and get connected through a computerized system to either a set of options for private insurance […]

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UConn taps reserves to close budget shortfall

University of Connecticut officials plan to significantly draw down the system’s emergency reserves this fiscal year to close a $30.8 million budget gap. “This is the first time we have had to deplete this fund to this extent… It’s a sign of the times,” said Lysa Teal, UConn’s vice president of finance and budget. This […]

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Jepsen asked to review Waterbury Hospital deal

Health care activists asked Attorney General George Jepsen on Friday to seek a new review of the proposed takeover of Waterbury Hospital by Vanguard Health Systems, a for-profit health care company. Vanguard is being purchased by Tenet, another for-profit hospital company, and Gov. Dannel P. Malloy recently vetoed legislation affecting the sale of Waterbury Hospital. […]

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Connecticare withdraws plan to offer small-group health insurance

ConnectiCare Benefits Inc. announced Friday that it is withdrawing its proposal to sell small-group health insurance through the state’s health insurance exchange. The company still intends to sell health plans to individuals through the exchange, known as Access Health CT, a new insurance marketplace created as part of the federal health reform law. The withdrawal […]

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