Health insurers defend another year of rate hike requests

Insurers blamed higher drug prices and outpatient hospital costs.

Nicole Alarcon Soares

Aug 20, 2024, 8:51 PM

Updated 22 days ago

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The Connecticut Department of Insurance grilled carriers at the State Capitol on Tuesday.
On average, they're asking for 8% more on individual policies -- and 12% for small group plans.
Insurers blamed higher drug prices and outpatient hospital costs.
The Connecticut Insurance Department will determine the increases, if any, that carriers will receive.
Connecticut already has the highest insurance rates in New England.