Hwang creates a resource for the opponents of the insurance rate hike

Hwang creates a resource for the opponents of the insurance rate hike

Published: 06 Aug 2022 07:00

HARTFORD – State Senator Tony Hwang released a resource and link pack to help people wishing to offer comment before the State Insurance Department on August 15, as an appointed jury examines requests for double-digit hikes in some cases. health insurance rate up to 24% next year. This year, there are 13 health insurance claims made by nine health insurers.

Hwang, who is a member of the Newtown Legislative Delegation and leader of the Republican Committee on the Insurance and Real Estate Committee and the Public Health Committee, also offers to manually deliver a testimony directly to the state commissioner for insurance up to the date of that hearing.

Along with fellow Senate GOP leader Kevin Kelly, Hwang also fought and was successful in transferring the hearing from the Hartford central offices of the Insurance Department to the Legislative Office building at the Capitol complex.

“We absolutely need accessible public hearings for those affected to voice their struggles and challenge these unsustainable rate hikes,” Hwang said in a statement released to The Newtown Bee. “We need transparency and accountability from insurance companies and the CID to the public who will be burdened by these excessive cost increases.”

Until now, the CID review process at its anonymous center office offered limited access and technology to accommodate public testimony and participation during the procedural process of reviewing the merits of each respective proposal. This process, Hwang said, is frustrating because it does not offer an opportunity to challenge and question the veracity of the request.

“Republican Senate leader Kevin Kelly and I recently wrote to CID Commissioner Andrew Mais asking for the hearing to be held at the State Capitol and to provide both in-person and virtual access to residents and businesses. We asked for a hearing to allow for the exchange of transparency and accountability and were joined by CT Healthcare attorney Ted Doolittle who shared our frustration and also questioned the justification for these staggering rate hikes.

Commissioner Corn has now agreed to hold the public hearing on Monday, August 15, starting at 9:00 am at the Legislative Office building at the Capitol. The hearing can also be viewed on CT-N online, on the CID Facebook page or by connecting to a conference call line.

Hwang reminds anyone wishing to submit and share their testimony that they can email [email protected] with their name and testimony attached, by cc-ing the senator to [email protected] ct.gov.

“I will personally deliver your testimony to CID,” he said.

An email request is also required for those who wish to sign up to witness in person remotely via MS Team video link.

GA request denied

As we spoke, the scheduled hearing could be postponed after a request from State Attorney General William Tong, State Insurance Commissioner Andrew N. Mais says the hearing will take place as planned.

The AG said the delay was justified as the US Senate discusses the extension of the federal advance premium tax credit. At the request of CID, these insurers integrated into their exchange rates the assumption that these tax credits would expire on January 1, 2023. This assumption has been identified as a determining factor behind the increases in the two-party claim rates. figures, Tong said in a statement.

“The tax credit extension would be a game changer and could significantly reduce the need for a raise. It would be a violation of our duty to consumers to proceed with a hearing on tariffs based on what now appears to be a false assumption. If Congress, as planned, votes to extend federal advance premium tax credits, the claims must be reviewed, reflecting substantial savings for consumers, before further steps are taken, “Attorney General Tong said.

Corn, by contrast, suggested it might be a good time to clarify the actuarial rate review process and the impact of federal subsidies on health insurance rates to eliminate misunderstandings.

“Although Congress has not yet voted to extend the increase within the ARPA (American Rescue Plan Act) of the Federal Advanced Premium Tax Credits and the continued removal of the upper limit of income upon receipt of these tax credits. , as a board member of our Affordable Care Act (ACA) Exchange Access Health CT (AHCT), I have been a strong advocate for the extension of these increases, “said Mais. year with the members of the Connecticut delegation in Washington, I expressed that support, I was pleased to hear from them that they also wholeheartedly supported the continuation and I am grateful to them for all the work they have done to help consumers of the Connecticut. “

Mais said these subsidies reduce the cost of insurance for consumers once the appropriate actuarial rates are established.

“We are currently conducting a full actuarial review of the rate statements,” added the insurance commissioner. “Despite the opposite hypothesis, the CID did not ask health professionals to hypothesize that the ARPA extension expired on 1/1/23. On the contrary, we had already asked each carrier to explain how they used the federal grant assumption in their projection of premium data for 2023 so that we have the information and flexibility to quickly address any changes. “

Anyone intending to provide testimony, support or opposition to the hearing committee can read the supporting information documents by visiting the following links:

Sen Kelly, Hwang Slam Health Insurance Rate Raise Request – CLICK HERE

CT Republican Leaders Renew Appeals to Open State Capitol for Public Hearing on Proposed Health Insurance Rate Hikes – CLICK HERE

Letter from Sen Kelly, Formica and Hwang to the CT 7-11 Insurance Committee – CLICK HERE

Reply from Insurance Commissioner Andrew Mais to Sen Kelly, Sen Hwang on the request for a transparent and accountable public hearing – CLICK HERE

The Department of Insurance has updated the notice of the public hearing – CLICK HERE

Publisher John Voket can be reached at [email protected]

State Senator Tony Hwang (R28)

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