United Healthcare Involved in Merger Lawsuits
While two proposed mergers involve four of the largest insurance carriers, United Healthcare (UHC) appears to be going at it alone. However, the Connecticut company once considered a merger with Cigna, who instead went with Anthem. As a result, the Department of Justice (DOJ) has requested sensitive information from UHC, according to a report from…
Survey Shows High Cost of Insurance is One Reason Many Want to Leave CT
A recent survey conducted by InformCT found that 40 percent of all Connecticut residents would like to move out of the state over the next five years. Data gathered over the second quarter of 2016 found that many residents are dissatisfied with Connecticut’s lack of job opportunities, difficult business conditions and higher-than-average health insurance costs….
Expect Sharp Premium Increases from CT Insurance Carriers in 2017
Over the summer, the Connecticut Insurance Department has been haggling with the state’s insurance carriers about significant rate increases requested for 2017. While the department denied most initial premium hikes, customers should expect rate increases in the double digits, according to a report from the CT Mirror. Those affected include plans sold through individual and small…
Major Health Insurance Carriers Considering Raising Rates in CT
According to a report from the CT Mirror, several major insurance carriers in the state are considering raising rates higher than standard medical inflation. When all are averaged, the increase comes out to a 26.8 percent jump – almost three times more than the yearly 9.6 percent. Fourteen insurers in Connecticut are attempting to make…
HealthyCT Issued Order of Supervision
On July 1, 2016, Connecticut Insurance Commissioner Katharine L. Wade issued an Order of Supervision to HealthyCT. This order prevents the company from writing any new policies and from renewing any employer plans that expire after July 1, 2016. Commissioner Wade issued this Order to prevent any adverse impact on coverage, claims payments and customer…
