Day: July 9, 2022

Insurers seek average rate hike of 20% on Access Health CT plans in 2023

Insurance companies that sell policies on and off Connecticut’s Affordable Care Act exchange are seeking an average increase of 20.4% on individual health plans next year, alarming advocates who fear people will forgo insurance because they can’t pay.

The rate hike requests were released by the state Insurance Department Friday. On small group plans, the carriers are asking for an average increase of 14.8%.

The requested increases are substantially higher than those sought last year for 2022 health policies. Carriers in 2021 asked for an average hike of 8.6% on individual plans and 12.9% on small group plans.

“It’s jaw dropping,” said Lynne Ide, program lead for communications outreach and engagement at the Universal Health Care Foundation of Connecticut. “Looking at these rate requests, the ranges are off the charts.

“Our big concern right now is, coupled with inflation and the fallout from COVID, these proposed increases spell trouble.

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Wilbur-Ellis Nutrition agrees to acquire F.L. Emmert

Wilbur-Ellis Nutrition announced June 30 that it has entered into a definitive agreement to acquire F.L. Emmert, a leading manufacturer and marketer of advanced nutritional solutions for the pet and livestock industries. Emmert is a 140-year-old, family-owned company with manufacturing operations in Cincinnati, Ohio, and 35-plus employees.

“We look forward to welcoming the Emmert team, and we’re excited about the capabilities this acquisition provides,” said Matt Fanta, president of Wilbur-Ellis Nutrition.

Emmert has a proven track record in animal nutrition, delivering the right balance of brewer’s yeast, protein, vitamins, and essential amino acids to support companion animal and livestock health. As a leader in expanding U.S. and global markets, Emmert is also known as an innovator with strong research and development capability.

“Emmert supports Nutrition’s strategic priorities and complements our three core businesses – pet, livestock and aquaculture,” Fanta said. “The acquisition will expand our product and customer base

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