Posted on August 4, 2022
Healthcare costs are skyrocketing in Connecticut.
Connecticut insurers are asking state regulators for a more than 20% rate hike for individual healthcare plans. Some insurers, such as Harvard Pilgrim, are exiting CT’s insurance market, pulling its fully insured commercial products like small group plans.
Connecticut is among the states with the highest number of state mandates for insurance coverage. This Office of Legislative Research report is a year old, and since then, the legislature has added a few more mandates, but it gives you a good idea of the list of benefits that are mandated by the state.
Mandates are part of what drives insurance premiums higher. Does the benefit of having these mandates outweigh the costs? Underlying the cost of health insurance is the cost of services and the cost of drugs. How do we get to a healthcare system that offers lots of choices, high quality and low prices?
You can register for this discussion here. This is the second of a three-part Summer Public Policy Series that I will be hosting.