Sen. Tony Hwang, ranking member of the Insurance and Real Estate Committee, Sen. Kevin Kelly, former co-chair of the committee, and Sen. Republican Leader Stephen Harding issued the following statement regarding Cigna and Oscar becoming the latest insurers to withdraw from Connecticut’s fully insured small group market:
“Frustrating. Disappointing. But not surprising. We live in the ‘Insurance Capital of the World’, and the legislature’s insurance committee was unable to pass any bills to lower health insurance costs for Connecticut families this year. A prime example: Bipartisan legislation which would have allowed working and middle-class employees to get more affordable insurance by pooling their resources together didn’t advance. That legislation had the support of the Women’s Business Development Council, the Connecticut Business and Industry Association, and the Connecticut Non-Profit Alliance, to name just a few groups. The only losers in this scenario are the overburdened working and middle-class families across our state who are dealing with unaffordable health insurance costs. Republicans will continue working to relieve their burdens.”
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