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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. ....
Lawmakers frustrated by the high rate request this year say they plan to introduce a bill during the legislative session that begins in January that would change the state’s rate review process to include consumer affordability as a standard. ....
In more hospital consolidation, Yale New Haven Health is acquiring three hospitals and Prospect Provider Group of Connecticut, and Visiting Nurse and Health Services of CT ....