Lawmakers and others considering an expanded government role in health insurance will soon learn whether Connecticut’s powerful insurance industry still packs a punch in the General Assembly.
Insurance companies warn that a plan to expand publicly-funded health insurance could drive businesses out of Connecticut courant.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from courant.com Daily Mail and Mail on Sunday newspapers.
Govs. Ned Lamont and Charlie Baker held a virtual news conference at 10:15 a.m. on Tuesday.
They said spoke about a joint effort to bring those prices under control.
Basically, companies could only adjust prices for inflation, or they’ll face significant fines.
The two governors also said that by working together, they hope to show other states how they can do it. They also want to show that addressing prescription drug prices can be a bipartisan effort.
Lamont’s proposal mirrors what Baker is trying to do in Massachusetts, which is limit pharmaceutical price increases year over year by the current inflation rate plus another 2 percent.
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