FOR IMMEDIATE RELEASE
November 17, 2022
CONNECTICUT INSURANCE DEPARTMENT, OFFICE OF THE HEALTHCARE ADVOCATE AND OFFICE OF HEALTH STRATEGY TO HOLD HEALTHCARE COST DRIVERS INFORMATIONAL SESSION DECEMBER 1ST
The Connecticut Insurance Department (CID), the Office of The Healthcare Advocate (OHA), and the Office of Health Strategy (OHS) will jointly hold an informational session with a collection of stakeholders to discuss the various cost drivers contributing to the rising cost of healthcare and health insurance premiums.
“Identifying healthcare cost and cost growth drivers are necessary steps to begin to rein in costs, increase transparency, and help make health care more affordable and available for all,” said Insurance Commissioner Andrew N. Mais.
“Healthcare affordability is critical for the health and outcomes of Connecticut residents, and to the longevity and effectiveness of our healthcare system,” said Connecticut Healthcare Advocate Ted Doolittle.
“Limiting healthcare cost growth is an economic imperative that will help our businesses compete and families better afford a higher quality of life,” said Office of Health Strategy Director Kim Martone.
The informational session will be held both in person at the Legislative Office Building, Hartford, and streamed live online on CT-N.
Meeting Date: December 1, 2022
Time: 9:00 AM
Where: Room 1D, Legislative Office Building, 300 Capitol Ave, Hartford, Connecticut
Viewing: This informational session will be held both in person and online. CTN will web stream the informational session live.
Representatives from hospitals, non-hospital healthcare providers, pharmacies, insurers, and academics will participate in several panel discussions.
Agenda
1. Introduction: CID, OHA, OHS – 30 minutes (10 minutes each)
· CID
· OHS
· OHA
2. What are the main drivers of healthcare costs U.S. & Connecticut – 90 minutes
· Kaiser Family Foundation
· Industry perspectives
· Questions from moderators
3. How are medical prices determined? – 45 minutes
Current-state price discovery processes: hospital, pharma, other providers; discuss logistics & nature of annual/periodic processes used to determine prices.)
· Medicare
· Hospital perspective
· Carrier perspective
· Questions from moderators
4. Other factors in setting prices – 90 minutes
· Hospitals
· Other experts
· Questions from moderators
5. Insurance & Real Estate Committee Co-Chairs, Ranking Members – 15 minutes
6. Wrap-up & preview of solutions & future topics - 15 minutes
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CONTACT:
Jim Carson
Connecticut Department of Insurance
860-214-1539
Tina Hyde
Connecticut Office of Health Strategy
860.969.7228 (Cell)