Sens. Kelly, Hwang: Near Double-Digit Health Ins. Rate Hike Approval Too High, Unsustainable

September 8, 2023

For Immediate Release:

Sens. Kelly, Hwang: Near Double-Digit CT Health Insurance Rate Hike Approval Too High, Unsustainable

Senate Republican Leader Kevin Kelly (R-Stratford) and Senator Tony Hwang (R-Fairfield), ranking member of the Insurance Committee, released the following statement in response to the Connecticut Insurance Department’s approval of near double-digit health insurance rate hike requests for individual and small business health insurance plans that start in 2024:

“The Lamont administration’s approval of these significant rate hikes comes on the heels of last year’s outrageous double-digit rate hikes.  It’s tone deaf to thousands of Connecticut ratepayers whose family budgets have been crushed by inflation.

“Equally as frustrating is the fact that Connecticut Senate Republicans have offered solutions to prevent these unaffordable rate hikes from becoming today’s reality. We have offered solutions that Democrats repeatedly rejected.

“This year, Senate Republicans once again proposed a plan to rein in out-of-control health care costs. Our plan can reduce premiums by up to 30 %. Our plan would enable small employers to pool together to jointly purchase affordable health care. The majority simply doesn’t have the appetite for it.

“So now we have even more significant rate hikes piled on top of last year’s unacceptable hikes. Democrats passed the Affordable Care Act promising affordable, accessible, quality health care. Here we are a decade later and that promise has never been fulfilled. Health care continues to be more and more unaffordable in Connecticut, but there is a Better Way.”