Final CT Rates Average 2.7 Percent In Individual Market, Less Than Proposed

Connecticut's Department of Insurance on Thursday (Sept. 13) announced that consumers in the individual and small business exchanges will see average increases significantly lower than what the issuers initially requested. Final rates in the individual exchange market will go up an average 2.72 percent, down from the 12 percent average issuers proposed, and small business plans will see increases of 3.14 percent, down from the proposed rate of just over 10 percent, the department said. Commissioner Kathy Wade said in...