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September 13, 2016 at 01:25 PM
People in Connecticut have talked ConnectiCare into continuing sell individual coverage through the state’s public exchange, the company said this afternoon.
The Farmington, Connecticut-based health insurer has been suing the Connecticut insurance commissioner, Katharine Wade, over what the insurer has said was Wade’s refusal to grant the company adequate rate increases for 2017.
Related: Insurer sues Connecticut regulators over 2017 rate cut ruling
Managers of the Connecticut’s state-based Affordable Care Act exchange, Access Health CT, said yesterday that ConnectiCare had notified them Friday that it was leaving the exchange.
But Michael Wise, ConnectiCare’s president, said today in a statement that the company has reconsidered its decision to leave Access Health CT.
“After hearing from state officials, providers and beneficiaries about the importance of our plan to Connecticut, we have decided to move forward into 2017 as a plan on the exchange at the rates approved by the department,” Wise said. “To that end, we have withdrawn our legal appeals with the courts and the department, and we have sent a letter to the exchange rescinding the termination notice that we sent to them on Friday.”
The company still wants to work with state regulators and Access Health CT managers to make the ACA exchange system more sustainable, Wise said.
