New CT law aims to cap rising health care prices

New CT law aims to cap rising health care prices

In an effort to reign in out-of-control health care prices, Connecticut lawmakers this week passed a cutting-edge bill giving the state the power to limit how much overall health care costs can grow and to hold providers and insurers accountable for rising rates .

The legislation’s passage comes on the heels of a Hearst Connecticut Media Group analysis of once-secret data that revealed how costs hospitals charge to insurers can vary wildly – ​​sometimes by many thousands of dollars – for the same procedure.

The bill, first proposed by Gov. Ned Lamont at the outset of the legislative session in February, will require hospitals, other medical providers and insurers to submit more such pricing data to the state office. The hope is that greater transparency will allow patients to better understand the cost options and employers to make better choices on behalf of their employees.

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