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News Junkie: Insurance regulators approve double-digit rate increases

HARTFORD, Conn. — Without any guarantees from Washington D.C. Connecticut’s insurance regulators decided to allow two carriers to boost their premiums in 2018 by an average of 31.7 percent for Anthem and 27.7 percent for ConnectiCare Benefit customers.

The increases approved assume that cost sharing reductions payments— that go to insurance companies to help them offset the deductibles and co-insurance for lower income individuals—won’t continue.

Insurance Department officials said if there was a guarantee the cost sharing reductions would continue the approved rate increase for ConnectiCare Benefits would have been 16.8 percent, instead of 27.7 percent and for Anthem Health Plans it would have been 24.7 percent, instead of 31.7 percent.

Read the full story on CT News Junkie.

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NancyOnNorwwalk.com was conceived as the place to go for Norwalk residents to get the real, unvarnished story about what is going on in and around their city. NancyOnNorwalk does not intend to be a print newspaper online; rather, it exists to pull the curtain back and shine a spotlight on how Norwalk is run and what is happening regarding issues that have an impact on taxpayers’ pocketbooks and safety. As an independent site, NancyOnNorwalk’s first and only allegiance is to the reader.

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Nancy came to Norwalk in September 2010 and, after reporting on Norwalk for two years for another company, resigned to begin Nancy On Norwalk so she engage in journalism the way it was meant to be done. She is married to career journalist Mark Chapman, has a son, Eric (the artist and web designer who built this website), and two cats – a middle-aged lady and a young hottie who are learning how to peacefully co-exist.