Attorney General William Tong said that “year-after-year increases remain simply unaffordable and unsustainable.”

By Jamil Ragland, CTNewsJunkie.com 

The Connecticut Insurance Department (CID) approved a reduced rate hike for individual and group plans for 2025 on Friday, despite bipartisan pleas to reign in healthcare costs for residents burdened by a range of cost increases in their lives.

“Our priority is always the consumer. Our team of actuaries and professionals has carefully reviewed and appropriately reduced the requested health insurance rate increases for 2025,” said Andrew M. Mais, CID commissioner in a statement. “While we’ve made progress in mitigating these increases, the challenge remains in addressing the root causes driving healthcare costs upward. Our objective is clear: to ensure that Connecticut consumers have access to a competitive health insurance market while managing costs effectively. The rates announced today reflect our commitment to protecting consumers from unsupported increases and ensuring that health insurance remains both fair and accessible in Connecticut.”

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