>CT Health Insurance Rate Increases Approved Thanks to Obamacare
Hartford Courant: Anthem Blue Cross and Blue Shield in Connecticut requested a wide range of premium increases, which will take effect Oct. 1, to cover the costs of new benefits required by federal health reform. Higher prices mostly affect new members shopping for a health plan on the individual market rather than people who have group plans through an employer or some other organization.
The Connecticut Department of Insurance approved Anthem’s request without changes, including a boost of as much as 22.9 percent just to comply with one provision: eliminating annual spending limits per customer. But it’s unclear how much more customers will pay because of the variety of plans and the complexity of other factors, such as a person’s age.
New provisions mandated by federal law to start Thursday include allowing young adults to stay on their parents’ plan until they turn 26, eliminating annual and lifetime limits on the amount of money an insurer spends per customer and mandating that insurers cover the full cost of preventive services, such as mammograms and colonoscopies.
The looming question is how much those new mandated benefits, along with rising medical costs, will raise prices for health insurance next year. Insurers will submit a new batch of rate requests in October and November to take effect in 2011.
https://articles.courant.com/2010-09-17/business/hc-anthem-rate-hike-0918-20100917_1_large-group-and-middle-market-plans-small-group-hmo-plans-federal-health-reform
also thanks to: https://lonelyconservative.com/2010/09/ct-health-insurance-rate-increases-approved-thanks-to-obamacare/
