“Tone deaf”: Insurance premiums going up for 188k CT residents

“Tone deaf”: Insurance premiums going up for 188k CT residents

CT Inside Investigator

Not everyone is happy about this agreement, particularly members of Connecticut’s Republican Party.

“The Lamont administration’s approval of these significant rate hikes comes on the heels of last year’s outrageous double-digit rate hikes,” said Senate Republican Leader Kevin Kelly (R-Stratford) and Senator Tony Hwang (R-Fairfield), ranking member of the Insurance Committee, in a joint statement.

“It’s tone deaf to thousands of Connecticut ratepayers whose family budgets have been crushed by inflation.”

The Republicans instead argued for their own rate reduction plan, which was introduced in February of this year.

According to Republicans, the plan would potentially reduce premiums by as much as 30%.

Parts of this plan include eliminating taxes on health insurance, assuming that those savings would be passed on to consumers, as well as allowing small businesses to band together to increase purchasing power for group plans, and greater transparency in billing, among many other actions.

https://insideinvestigator.org/insurance-premiums-going-up-for-188k-residents-less-than-expected/