Connecticut Insurance Department

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Connecticut Insurance Department approves CVS-Aetna merger

The Connecticut Insurance Department has approved CVS Health Corp’s $69 billion merger with Hartford-based Aetna Inc.
The approval is contingent on Aetna completing the sale of its standalone Medicare Part D prescription plan business. Continue Reading →

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Justice Department approves CVS-Aetna merger, with conditions

WASHINGTON –The Justice Department on Wednesday cleared CVS Health Corp.’s planned $69 billion merger with Aetna Inc. after the companies agreed to divest a Medicare prescription drug plan sold by the Hartford-based health insurer. Consumer groups, however, continue to oppose the deal. Continue Reading →

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CVS, Aetna urge Connecticut regulators to approve proposed acquisition

The Connecticut Insurance Department now has 30 days to decide whether to approve CVS Health Corp.’s acquisition of Hartford-based Aetna Inc. – a merger the companies say will drive down health care costs and opponents portray as anti-competitive and harmful to patients. Continue Reading →

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Insurance Department approves on average 3 percent rate hikes for 2019 plans

The Connecticut Insurance Department announced Thursday that premiums for individual and small group plans can rise only about 3 percent on average in 2019, lower than the increases approved in recent years. Continue Reading →

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Wade: State law bars sale of Trump’s ‘junk’ short-term health plans

This is a picture of Connecticut Insurance Commissioner Katharine L. Wade.

The Connecticut Insurance Department has determined state law prohibits the sale of skimpy “short term” plans that are being promoted by President Donald Trump as a cheaper alternative to Affordable Care Act coverage. “Connecticut already has the necessary statutory consumer protections in place to prohibit ‘junk plans,’” said Insurance Commissioner Katharine Wade. Continue Reading →

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Blumenthal presses state for protections in ‘short-term’ health plans

WASHINGTON – Sen. Richard Blumenthal on Thursday said he’s talked with state officials about placing consumer protections on any new health insurance policies sold in Connecticut once the new Trump administration regulation on short-term plans takes effect in about 60 days. Continue Reading →

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Drug-price transparency bill passes legislature with no dissent

A bill designed to help Connecticut officials peer into the black box of drug pricing won final approval from a unanimous state Senate early Wednesday, and will now go to the governor. Proponents of the measure called it a necessary first step toward curbing expensive prescription drug prices. Continue Reading →

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House unanimously passes bill to shine light on drug industry

The state House of Representatives unanimously approved a comprehensive bill that aims to shed light on the murky prescription drug industry, which state officials say is a necessary first step to lowering expensive drug costs. Continue Reading →

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White House moves to allow Obamacare rival

WASHINGTON — The Trump administration on Tuesday moved forward on allowing Americans to purchase short-term health plans that may be more affordable than what’s on the market right now but would not contain the Affordable Care Act’s consumer protections and would undermine the health care law. Continue Reading →

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CT businesses, employees face hikes in health care premiums

WASHINGTON – When the Affordable Care Act open enrollment period for health insurance begins on Wednesday, many individuals who buy their own policies will suffer sticker shock because of a sharp increase in premiums. But the state’s large and small businesses are girding for higher premiums to cover their workers in 2018 too. And they and their employees will face tough choices. Continue Reading →

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Obamacare open enrollment to begin amid shaky insurance market

This is a picture of Access Health's New Britain store

Open enrollment for health care coverage next year begins next week amid uncertainty over the future of the Affordable Care Act and big increases in premiums for individuals and businesses that do not qualify for subsidies. Nevertheless, the health care law is still in effect and those required to enroll in a plan will face increasing penalties by the Internal Revenue Service if they fail to do so. Continue Reading →

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Insurers say they need big premium boost for ‘silver’ plans if ACA subsidy ends

This is a picture of Access Health's New Britain store

WASHINGTON — ConnectiCare says it needs to hike the cost of popular “silver” plans sold on the Access Health CT for 2018 by more than 50 percent, and Anthem says it needs to increase premiums on its silver plans by more than 43 percent if the Trump administration ends a program that subsidizes out-of-pocket payments for low- and moderate-income Americans. Continue Reading →

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