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.
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 “To that end, we have withdrawn our legal appeals with the courts and the department, and we have sent a letter to the exchange rescinding the termination notice that we sent to them on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.
ConnectiCare now has about 50,000 exchange plan enrollees.
It and Indianapolis-based Anthem have been the only carriers on track to sell individual plans through Access Health CT in 2017.
On Friday, when Access Health CT managers thought ConnectiCare would be leaving the exchange in 2017, the managers said the exchange would “continue to adapt to the changing health care market with an eye on ensuring our consumers the best options.”
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