HARTFORD, Conn. (WTNH) — Healthcare advocates and officials in Connecticut called for a formal hearing to review the double-digit rate increases requested by nine health insurance companies.
The insurers are seeking average rate increases of 20.4% for the individual market, and 14.8% for small groups.
“At this moment, when we depend so much on our health insurers, this is exactly the wrong time to seek average increases of 20%,” Attorney General William Tong said at a press conference Wednesday.
The state’s Department of Insurance plans to hold an informational public hearing on the requested rate increases in early August and accept written comments.
A formal hearing would give Tong’s office and the Office of the Healthcare Advocate to present an independent analysis and question insurance industry representatives under oath about why they need such a large rate increase.
In 2015, the state’s then-insurance commissioner committed to holding such a public rate hearing on rate increases exceeding more than 10%.