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State Insurance Department hears comment on double-digit rate increase requests

The state Insurance Department held a hearing earlier this month on two rate increase requests. Anthem is requesting an average increase of 33.8 percent for policies marketed both on and off the state exchange. ConnectiCare has requested an average increase of 17.5 percent for policies sold exclusively on the exchange.

 

State Senator Tony Hwang, whose district includes Newtown, attended the public hearing earlier this month and says people were not given an opportunity to voice their opinion.  Hwang called it a David versus Goliath fight with people not having a say.

 

He noted that the hearing was not statutorily required, and the Department had to be pressured into holding one. 

 

Hwang was also critical that the hearing wasn't held at the legislative office building.  He wanted multiple hearings to be held around the state, and not in the middle of the day.  Comments will be accepted through Friday.

 

Commissioner Katherine Wade says the two companies were chosen for the hearing because, collectively, their requests would affect the largest number of consumers. About 86,000 consumers could be impacted.

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