Building On What Works: Connecticut Residents Are Benefitting From Affordable Coverage Options
HARTFORD – As some politicians discuss creating unaffordable, new government-controlled health insurance systems such as the state government option, evidence continues to show private plans and public programs are successfully working together to expand access to affordable, high-quality health coverage and care for Connecticut residents.
- With the 2021 special enrollment period, “thousands of new customers enrolling through Connecticut’s Official Health Insurance Marketplace, and existing ones who have updated their applications, are seeing significant savings in their healthcare coverage, thanks to the American Rescue Plan Act (ARPA) that provides new financial help to lower their monthly payments (premiums).” (Access Health CT)
- ARPA “has made health insurance coverage more affordable for many CT residents, by virtually eliminating or vastly reducing monthly payments (premiums) for people with low and moderate incomes, and providing new financial help for people with somewhat higher incomes who can face high premiums.” (Access Health CT)
- Building on this, Connecticut leaders recently enacted “the Covered Connecticut program, which is expected to provide free health coverage for up to 40,000 people … The Covered Connecticut program funds the cost of all premiums, deductibles, co-pays, co-insurance and out-of-pocket costs for qualifying residents, making the coverage free.” (CT Mirror, 07/13/21)
- Nationwide, ARPA has “reduced premiums, increased savings, and given consumers access to quality, affordable health care coverage,” and some federal leaders have proposed making those premium reductions permanent. (HHS, 7/14/21)
- A growing body of research finds that enhancements to current law, such as making premium reductions permanent, could reduce costs for patients and lead to substantial coverage gains. (FTI Consulting, 6/3/21; KNG Health Consulting, 5/17/21)
To learn more about Connecticut’s Health Care Future, CLICK HERE.