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Topic

Department of Financial Services

Health insurance premiums see double-digit rise in 2017; Care Connect rate hike will be twice the state average increase

by Aug 17, 2016
New York State mandated a more than 23 percent increase in Care Connect's small group rates — affecting 70,000 members — in part to cover a $13.5 million payment into a risk adjustment pool to offset costs incurred by other health insurance companies.