In the middle of a public hearing last summer, after several insurance companies had proposed double-digit rate increases on their health care plans, Attorney General William Tong posed a series of questions that summed up the concerns of many who gathered at the state’s Legislative Office Building that day.
“My understanding is that an actuarial analysis is undertaken to make sure an insurance company has enough assets to pay liabilities, right? That’s what the analysis shows: ‘Do you have enough money to pay claims?’” he asked.
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Extreme price hikes in the for-sale and rental markets are pushing the state of Connecticut to consider statewide rent controls like those adopted by Oregon and California in 2019.