Insurers selling policies in and out of the Connecticuts Affordable Care Act Exchange are asking for an average 12.4% increase on individual health plans in 2024, lower overall than last year but still higher than last year’s. previous years. On small group policies, insurers have asked for an average rate hike of 14.8%, the same as in 2022. The state insurance department released the proposed hikes on Friday. Last year, the companies called for an average 20.4 percent hike on individual health plans, a move one health care advocate called…
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Global debt nears record high as rate hikes trigger ‘adjustment crisis’ says top trade body
The IIF said the combination of such high debt levels and rising interest rates has caused the cost of servicing that debt to rise, triggering concerns about leverage in the financial system. “At nearly $305 trillion, global debt is now $45 trillion above its pre-pandemic level and is expected to continue to increase rapidly,” the IIF said. HIROSHIMA, JAPAN – MAY 17 : People walk under a banner promoting the Group of 7 (G7) summit at a shopping street on May 17, 2023 in Hiroshima, Japan. The G7 summit will…
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