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| Connecticut Groups Want To Ban Insurer From Hiking Premiums Due To Obamacare |
| 2014-06-29 |
| [Daily Caller] ConnecticutÂ’s largest insurer proposed a double-digit rate hike due to Obamacare regulations and uncertainty, but several Connecticut groups pressed state regulators to deny the private company the right to raise its rates. Anthem Blue Cross and Blue Shield opted for a 12.5 percent rate increase, a hike which sparked a hearing by ConnecticutÂ’s Department of Insurance. The Universal Health Care Foundation of Connecticut pressed regulators to deny the substantial hike simply because many policyholders would be affected. (RELATED: Obamacare Update: Now Even More States Report Double-Digit Premium Hikes) This could be something to monitor closely. |
| Posted by:Besoeker |
| #4 Mmmm, price controls - a sure recipe for abundance and prosperity. |
| Posted by: SteveS 2014-06-29 18:44 |
| #3 It's really too bad that insurers can't compete across state lines. |
| Posted by: Rambler in Virginia 2014-06-29 13:44 |
| #2 The insurers are pretty much leaving the state now, or diversifying away from individual-healthcare insurance. |
| Posted by: Pappy 2014-06-29 13:39 |
| #1 Gee, if they can't raise their rates, will they be permitted to leave the state and let the regulators insure their former customers? This ain't the Soviet Union. Not yet, anyway... |
| Posted by: Bobby 2014-06-29 13:34 |