Wednesday, September 25, 2013

CT exchange premiums 4th highest in US

A new analysis from the White House finds that CT’s insurance exchange premiums are among the highest in the nation – behind only Alaska, Mississippi, and Wyoming. CT residents and small businesses buying unsubsidized coverage through the exchange will pay 28 to 37% more than most Americans depending on which plan they choose. We will pay about 24% more than New Yorkers. Passage of SB-596 this session would have directed the insurance exchange to negotiate prices on behalf of consumers, which would have lowered premiums. The bill passed the Senate but died in the House; even a provision allowing the exchange to negotiate (which they can do without legislative authority) died in the last hours of the session. New York negotiated rates with the plans.