healthyct

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Insurance Department will seek to liquidate HealthyCT

This is a picture of HealthyCT CEO Ken Lalime

The Connecticut Insurance Department plans to seek a court order to liquidate insurer HealthyCT at the end of the year, after an appointed overseer’s report that the nonprofit company – created with federal funds made available through Obamacare – is insolvent. Continue Reading →

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116,019 CT residents signed up for Obamacare plans

This is a picture of Access Health CEO Jim Wadleigh and Lt. Gov. Nancy Wyman, chairwoman of the exchange's board, at a press conference Monday.

Updated at 6:50 p.m.
In all, 116,019 Connecticut residents signed up for private insurance through the state’s health insurance exchange, Access Health CT, during the open enrollment period that ended last week, officials said Monday. Continue Reading →

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New Access Health customers skew younger, lower-income, so far

This is a photo of Pedro Lopez asking how long it will take to sign up for insurance at the Access Health CT store in New Britain.

More than 5,400 new customers have bought private insurance through the state’s health insurance exchange since Nov. 1, a group that includes more young adults and more people who qualify for subsidized coverage compared to the current customer base. Continue Reading →

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CT’s insurance CO-OP sticking around, but still a work in progress

This is a picture of HealthyCT CEO Ken Lalime

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. Continue Reading →

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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. Continue Reading →

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CT’s individual insurance market grew 55 percent under Obamacare

Data from the Connecticut Insurance Department show that more than half the people who bought their own health insurance last year have maintained their old policies. But more than 50,000 of them won’t be able to keep their health plans beyond this year, potentially setting up a repeat of last fall’s turmoil and frustration among people whose policies were discontinued. Continue Reading →

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Insurance department rejects Anthem rate hike, lowers others

This is a picture of Insurance Department hearing officer Paul Lombardo, who will issue a recommendation on Anthem's rate proposal.

The Connecticut Insurance Department rejected Anthem Blue Cross and Blue Shield’s request to raise individual-market premiums by an average of 12.5 percent next year, deeming the proposal excessive and directing the carrier to submit new rate proposals for review. Continue Reading →

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Obamacare glitch leading to canceled policies, some say

Republican leaders say constituents have had their policies canceled because of problems with the state’s Obamacare exchange. Their claim isn’t entirely accurate, but people involved in insurance administration say problems are causing some people to lose coverage. Continue Reading →

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