Too steep; legislators, public challenge 20% increase in insurance | New

HARTFORD – Insurance companies justify their demands for significant rate increases, arguing that health care costs and demand rose after the peak of the COVID-19 pandemic, but lawmakers and the public oppose to a rise that they consider too steep.

A group of insurance companies is looking for increases that translate to an average increase of 20.4%, including a 14.8% increase for the small group market – a market that includes employers with less than 500 employees and sells policies both on and off Connecticut’s Affordable Care Law Exchange.

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