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.
WASHINGTON – Anthem and ConnectiCare said on Wednesday they will continue to sell policies on the Access Health CT exchange next year, but charge a lot more for most policies.
As a key U.S. Senate panel continues to seek a bipartisan fix for the Affordable Care Act, the Connecticut Insurance Department weighed in with its suggestions, including allowing people to buy a new, cheaper, “copper-level” plan with fewer benefits and higher out-of-pocket costs.
In a proposed ruling, a Connecticut Freedom of Information Commission hearing officer has determined the Insurance Department failed to prove the records were exempt from disclosure and has recommended a rare civil fine against Commissioner Katharine Wade. The commission is scheduled to consider the case June 28.
WASHINGTON — With uncertainty threatening the Affordable Care Act, states including Connecticut are making attempts — some more extensive than others — to keep insurers in their health care exchanges.
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.
One person likened it to looking at a “foggy crystal ball.” Another spoke of changing a tire on a car that’s still moving. But others cautioned against speculating and emphasized the fact that, so far, nothing about the Affordable Care Act has changed.
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.
WASHINGTON – Opponents of the planned Aetna-Humana, Anthem-Cigna mergers have asked the U.S. Justice Department to block them in a letter that alludes to the controversy over Connecticut Insurance Commissioner Katharine Wade’s lead role in state regulatory approval of one of the deals.
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.
WASHINGTON – The CEOs of the large health insurers hoping to close on historic mergers are telling investors and the public the deals are on track, but there still are a number of hurdles, and increasing opposition, to the deals.
Connecticut Insurance Commissioner Katharine L. Wade, a former Cigna lobbyist whose husband still works for the company, said she does not intend to recuse herself from considering Anthem’s proposal to buy the Bloomfield insurer — a choice that drew criticism about a potential conflict of interest.
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.