ATTORNEY GENERAL TONG TO INSURANCE DEPARTMENT: UNJUSTIFIED RATE REQUESTS MUST BE REJECTED
(Hartford, CT) – In a letter today to Connecticut Insurance Commissioner Andrew N. Mais, Attorney General William Tong argued that double-digit rate increases sought by Anthem, Cigna and ConnectiCare are unjustified, unsupported by evidence, and must be rejected. The proposed average individual rate request for the plan year starting January 1, 2024 is a 12.4 percent increase, compared to 20.4 percent in plan year 2023. Increases requested range from 9.8 percent to 17.5 percent. The proposed average small group rate request is a 14.8 percent increase, compared to 14.8 percent in 2023 and ranges from 7.5 percent to 23.0 percent. While the Connecticut Insurance Department does not approve large and self-insured plans covering the majority of Connecticut residents, Attorney General…