Premiums for the 55,000 people who buy Anthem Blue Cross and Blue Shield health plans through the state’s individual market will rise by an average of 2.4 percent next year, while ConnectiCare Insurance Company’s 34,400 customers will see an average rate hike of 8.5 percent.
Golden Rule
Posted inHealth
Regulator lowers most proposed health insurance rate hikes
Most insurance companies selling health plans in the state’s individual market will get to raise customers’ premiums in 2016, but not by as much as they proposed, and one major carrier will have to lower its rates, according to decisions released by the Connecticut Insurance Department Saturday.
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Insurer: Cost of cholesterol meds, other drugs driving rate hikes
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
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Connecticut insurers to rebate $5.6 million to customers under Obamacare rule
More than 47,000 Connecticut residents will get rebates from their health insurance companies this summer because the federal health reform law deems the premiums they paid too high.