After proposing sharp rate increases for next year’s health insurance plans for individuals and small groups, a trio of insurers faced a barrage of criticism from elected officials and the public during a series of hearings Wednesday and Thursday.
WASHINGTON — The Justice Department filed lawsuits Thursday to block both proposed mergers between Aetna and Humana and Anthem and Cigna. The insurers said they would fight the suits.
About 40,000 people will lose their health insurance in the coming months as a result of a state evaluation that has deemed the financial health of Connecticut’s nonprofit health care co-op unstable.
Connecticut ethics officials will consider a petition filed by Common Cause late Monday that asks them to rule on whether Connecticut Insurance Commissioner Katharine L. Wade’s ties to her former employer, Cigna, require her to recuse herself from reviewing a proposed merger of Cigna and Anthem. The Citizen’s Ethics Advisory Board will vote Thursday on whether a review will be done.
Some of Connecticut’s major health insurers are seeking rate increases far beyond medical inflation, including an average increase of 26.8 percent for the individual plans offered by the state’s biggest insurer, Anthem Health Plans, according to requests released Monday. The filings come as the insurance industry, state Insurance Commissioner Katharine Wade and her department are under intense scrutiny over proposed mergers.
Updated at 5:30 p.m.
WASHINGTON — Opponents of the proposed Aetna-Humana merger on Thursday blasted the state insurance department for approving the deal, saying it was “rubber stamped” without public input, and asked the department to reopen the case.
WASHINGTON — The Connecticut Insurance Department has signed off on Aetna’s proposed merger with Humana, but other hurdles remain for that deal and another merger proposed by Cigna and Anthem.
Saying that “all eyes will be on Connecticut,” critics of two pending mergers of major health insurers have asked the state’s insurance commissioner to take steps they say would increase transparency in the review of Anthem’s proposed acquisition of Cigna.
The Connecticut Insurance Department has blocked UnitedHealthcare’s plan to stop paying broker commissions for plans sold through the state’s health insurance exchange, but will let them pay a lower rate.
High-deductible health plans, which are increasingly common, don’t just require people to pay more when they get care; they also leave people with more to understand, from figuring out how much care costs to handling bills that aren’t always clear. Here are some tips from experts on how to manage a high-deductible plan. This story is the latest in a series on how to better navigate the health care system.
The Office of State Ethics is not calling for Insurance Commissioner Katharine L. Wade to recuse herself from overseeing her agency’s review of Anthem’s proposal to buy Cigna, where Wade previously worked and her husband serves as an attorney. But Executive Director Carol Carson said the office has raised concerns.
The nonprofit insurer lost $28 million in 2014 and, as of June 30, had lost $9.5 million this year. CEO Ken Lalime said early losses are not unusual for a new company, and said HealthyCT has the capital to get through the initial, unprofitable years.
Health insurance plans sold in Connecticut will no longer be allowed to limit coverage of medically necessary infertility treatment to people under 40, according to new guidance issued by the Connecticut Insurance Department Thursday.
High-cost specialty drugs, including a new class of cholesterol medications expected to come to market later this year, are key drivers of the need to raise health insurance premiums by nearly 10 percent, ConnectiCare’s chief actuary told regulators Monday
Experts say potential benefits of consolidation include economies of scale that can lead to reduced costs, while potential drawbacks include reduced competition that could have the opposite effect on prices.