Hwang, who is a member of
Together with her colleague
“We absolutely need accessible public hearings for people who are affected to voice their struggles and challenge these exorbitant rate hikes,” Huang said in a statement issued to
Until now, CID’s review process in its nondescript downtown office offered limited access and technology to accommodate public testimony and participation during the procedural process of reviewing the merits of each relevant proposal. That process, Huang said, is frustrating because it doesn’t provide an opportunity to challenge and question the veracity of the claim.
“Senate Republican Leader
Commissioner Mais has already agreed to hold a public hearing
Hwang reminds anyone who wants to send and share their testimony that they can send an email [email protected] with their names and depositions attached, copying the senator in [email protected].
“I will personally hand over your statement to the CID,” he said.
An email request is also required for those who wish to sign up to testify in person remotely via MS Team video link.
While there was talk, the scheduled hearing could be postponed after a request from the state attorney general
The AG said the delay was justified as
“Extending the tax credit would be a game-changer and could significantly reduce the need for an increase. It would be a breach of our duty to consumers to proceed with a rate hearing based on what now appears to be a poor assumption. Must
Mays, on the other hand, suggested it might be a good time to clarify the actuarial rate review process and the impact federal subsidies have on health insurance rates to eliminate misunderstandings.
“Although Congress has not yet voted to extend the ARPA (American Rescue Plan Act) increase in federal expanded premium tax credits and the continued removal of the income cap for receiving these tax credits, as a member of the Board of our Affordable Care Act (ACA) Exchange Access Health CT (AHCT), I was a strong supporter of expanding these increases,” Mays said. “Indeed, during meetings this year with members of the
Mays said these subsidies lower the cost of insurance for consumers once actuarially appropriate rates are established.
“We are currently conducting a full actuarial review of the rates submitted,” the insurance commissioner added. “Despite suggestions to the contrary, CID has not asked healthcare providers to accept that the ARPA extension will expire on 1/1/23. Rather, we had already asked each carrier to explain how they used the federal subsidy assumption in their 2023 premium data projections so that we would have the information and flexibility to quickly address any changes.”
Anyone considering providing testimony, supporting or opposing the panel, can read supporting informational documents by visiting the following links:
CT Republican leaders renew calls to open state Capitol to public hearing
Insurance Rate Increases:
Answer from the Commissioner of Insurance
ctsenaterepublicans.com/wp-content/uploads/2022/07/Response-from-Insurance-Commissioner-Andrew-Mais-to-Sen.-Kelly-Sen.-Hwang-on-Request-for-Transparent-and-Accountable- Public hearing.pdf