An insurer wants to cut health maintenance organization (HMO) rates for 12 lucky employers in Connecticut in 2014.
The insurer, CIGNA Healthcare of Connecticut, has asked the Connecticut Insurance Department for permission to cut rates for the HMOs an average of 0.6 percent in the coming year.
Regulators are using italics and bold type on their website to indicate that CIGNA Healthcare, a unit of Cigna Corp. (NYSE:CI), is actually asking for a rate decrease, not an increase.
Company representatives were not available to comment on the rate filing.
The company held down coverage costs by eliminating some pharmacy fees, officials say in a filing summary.