CTNJ Op-Ed: Insurers’ explanations for extreme rate increases don’t make sense

Connecticut’s health insurers are asking state regulators to let them increase premiums an average of 20.4%, far more than last year’s 8.6% request. Insurers in other states are asking for less than half as much. Connecticut insurers are blaming increased demand for services due to COVID backlogs, that deductibles aren’t keeping up with rising costs, and a persistent myth that Medicare’s fair prices are driving up their costs. But the evidence doesn’t support their reasons. Read more