Group Calls For Investigations Into CT Health Insurance Rate Hikes

Anthem’s premiums on some policies will go up by 47%

Group Calls For Investigations Into CT Health Insurance Rate Hikes
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Group Calls For Investigations Into CT Health Insurance Rate Hikes

A Connecticut physicians’ group is calling for an overhaul of insurance rate cases, after a second health insurer was granted double digit increases. The Connecticut State Medical Society has called the hikes a money grab. WNPR’s Harriet Jones reports.

Aetna and Anthem have now both been granted huge rate hikes on individual policies in Connecticut. Anthem’s premiums on some policies will go up by 47%. The insurers say the increases are necessary because of extra mandates in the healthcare reform bill passed earlier this year, but Attorney General Richard Blumenthal has already raised questions about the data provided by the companies in their rate cases. Now the Connecticut State Medical Society, which represents more than 7,000 doctors, says the insurers are raising rates speculatively, before there’s any evidence that costs will go up. Executive Vice President Matthew Katz:

“There is not enough transparency in what’s being presented and reviewed, and how these plans are being evaluated. So the public does not have an understanding of in any detail, what the requests are entailing. We cannot just go on assumptions or presumptions of additional costs six months or a year from now. It should be based on actual costs that these insurers are incurring.”

Connecticut’s insurance commissioner, Thomas Sullivan, has already defended his department’s role in scrutinizing the rate hikes, saying the approvals reflect the current cost to deliver care and the impact of more comprehensive benefit designs required under the healthcare reform act.

For WNPR, I'm Harriet Jones.