Christine Conley

Insurance companies have requested that the Connecticut Insurance Department (CID) approve a rate increase by an average of 20.4% for plans starting in 2023, a steep spike from the 8.6% average rate increase request for 2022. Insurers claim this proposed hike is a result of the rising costs of healthcare and pharmaceuticals, but it comes at a time when we are already facing the highest inflation rates in 40 years.

On Monday, the Insurance Department held a public hearing to have insurers explain the reasoning behind these increases and to hear from members of the public. CLICK HERE to watch the full hearing.

I submitted written testimony to the Department announcing my opposition to these outrageous hikes, which will not only cause people to may more for their vital health coverage, but will also likely force many people to drop their coverage altogether. This cannot happen, and I urge the Insurance Department to reject these hikes.