In one of the highest-profile shakeups in Connecticut’s healthcare industry over the past year, Karen Moran took over as president of Farmington health insurer ConnectiCare after the sudden departure of Eric Galvin.
Moran now leads one of the state’s largest health plans, which covers almost 80% of individuals purchasing insurance through Access Health CT, the state’s health insurance exchange.
Moran also holds the title of senior vice president of commercial business for New York-based parent company, EmblemHealth.
While the average rate hike approved by Connecticut is lower than what the insurance companies requested, it still represents a significant boost in costs to consumers.
While the average rate hike approved by Connecticut is lower than what the insurance companies requested, it still represents a significant boost in costs to consumers.
While the average increase approved by the state is lower than the rate requested by the insurance companies, it still represents a significant increase in costs to consumers in the coming year.
The cost of health insurance plans on and off Connecticut’s Affordable Care Act Exchange will increase next year by as much as 25%, according to final numbers released by the state Friday, deepening concerns about health care access.
Insurance officials signed off on the rate changes eight weeks after carriers proposed an average increase of 20.4% across individual plans and 14.8% across small group policies. The department approved an average hike of 12.9% on individual plans and 7.9% on small group.