CT Obamacare Exchange Struggles to Save Remaining Two Insurers

Comment: “[W]ithout competition, the price of insurance goes up and quality goes down.  And it makes it easier for insurance companies to treat their customers badly.” –President Barack Obama, Sept. 9, 2009

“HARTFORD, Conn.  Connecticut’s health insurance marketplace hopes to help its two remaining insurers remain financially sustainable in the state now that another insurer, HealthyCT, has been barred from writing new policies because of its financial condition.” [...]

“The move comes after nonprofit health insurer HealthyCT was ordered by the Department of Insurance to stop writing new policies. Commissioner Katharine Wade said the Wallingford-based Consumer Oriented and Operated Plan or CO-OP, has become financially “unstable” and “seriously jeopardized” by a recent $13.4 million payment HealthyCT was required to make to the federal government under [an Obamacare] program intended to spread risk for insurers participating in [un]Affordable Care Act exchanges, such as Access Health CT.”

Access HealthCT to help other insurers remain in Connecticut
July 15, 2016
By SUSAN HAIGH Associated Press

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