CT exchange premiums 4th highest in US
A new analysis from the White House finds that CT’s insurance exchange premiums are among the highest in the nation – behind only Alaska, Mississippi, and Wyoming. CT residents and small businesses buying unsubsidized coverage through the exchange will pay 28 to 37% more than most Americans depending on which plan they choose. We will pay about 24% more than New Yorkers. Passage of SB-596this session would have directed the insurance exchange to negotiate prices on behalf of consumers, which would have lowered premiums. The bill passed the Senate but died in the House; even a provision allowing the exchange to negotiate (which they can do without legislative authority) died in the last hours of the session. New York negotiated rates with the plans.