Press Releases
07/08/2022
Attorney General Tong Seeks Formal Hearing to Scrutinize Health Insurance Rate Hike Requests
(Hartford, CT) – Attorney General William Tong today sought a full public hearing before the Department of Insurance to scrutinize a series of 13 rate filings from nine health insurers seeking average rate hikes of 20.4 percent for the individual market and 14.8 percent for small groups.“Healthcare costs and insurance premiums are already unaffordable for many Connecticut families, businesses and individuals, and these double-digit rate hikes demand rigorous scrutiny. The Department of Insurance has previously agreed to hold public rate hearings on any rate increase exceeding 10 percent, and that transparency is certainly needed now. We cannot simply allow insurers to assert costs and claims without our own independent analysis and review,” said Attorney General Tong.
In a 2015 letter to then-Healthcare Advocate Victoria Veltri, then-Insurance Commissioner Katherine Wade committed to holding public rate hearings on rate increases exceeding 10 percent when requested by the Healthcare Advocate.
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