The White House report released Wednesday morning showed that Connecticut, which is operating its own health insurance marketplace, will have the 4th highest premiums in the country when enrollment begins on Oct. 1.
The report was meant to highlight how competition between insurance carriers has lowered costs for consumers. The idea behind the law was to get insurance carriers to compete by offering various tiers of insurance through an online marketplace where they could compare the plans side-by-side and no one could be denied.
But for the middle-income consumers purchasing their plans on the exchange, the expectation is that price will be a major factor in their decisions. There will be three tiers of coverage (bronze, silver, and gold) offered in Connecticut by three insurance carriers.