Connecticut House Bill HB06137

Connecticut 2025 Regular Session

• Introduced: 1/22/25
• Refer: 1/22/25

Caption

An Act Requiring Health Carriers To Disclose Certain Information To Consumers.

Impact

If enacted, HB 06137 will modify Title 38a of the general statutes, which governs health insurance in the state. The change intends to provide consumers with essential data to make informed decisions regarding their health carriers. This increased transparency could lead to improved competition among health insurers, as consumers become more informed about the value and efficiency of the coverage being offered. Furthermore, it may prompt health carriers to be more accountable regarding the management of premium funds, potentially benefiting consumers financially in the long term.

Summary

House Bill 06137 aims to enhance transparency for consumers in the health insurance market. The bill requires health carriers to provide specific information on their websites and within policy documents. This information includes details about how premium dollars are allocated, rates of claim denials, and a breakdown of costs related to medical treatment, administrative expenses, profits, and other costs. By mandating such disclosures, the bill's supporters hope to empower consumers in their healthcare choices and improve their understanding of the financial implications of their insurance plans.

Contention

While the bill generally garners support for its transparency provisions, there are potential points of contention regarding the implementation and compliance burdens it may impose on health carriers. Opponents may argue that mandated transparency could lead to increased administrative costs for insurers, which could subsequently be passed on to consumers in the form of higher premiums. Additionally, there could be concerns about the adequacy of the information disclosed and whether it sufficiently equips consumers to navigate complex insurance choices. The balance between ensuring consumer protection and minimizing regulatory burdens for insurers will likely be a topic of discussion during the legislative process.