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Connecticut’s Five Families
Health insurance companies are making millions by denying you care.
Five of them sent a letter to Governor Lamont in April, threatening to move jobs out of Connecticut if we passed a Public Option. It worked, and the Public Option was scrapped in the final days of the 2021 session.
CCAG is investigating, and bringing you information you need about the greed and profiteering of these companies.
Our latest report, Pandemic Profiteering: Making a Killing on COVID, finds that what these companies reported in profits, and spent on stock buybacks, could have funded the entire state of Connecticut for a year.
Our first report, on CEO compensation, showed that those five companies paid their CEOs $137.7 million in the last year. Our second, Games Insurers Play: How Low Will They Go?, explores the tactics and money spent in the 2021 legislative session. It shows that the industry, these Five Families, and dark money groups who don't disclose their donors spent at least $1.3 million lobbying in just six months.
By adding thousands of small businesses and nonprofits to the state's Partnership Plan, a Public Option would have offered affordable, quality coverage to tens of thousands of people. But it would have impeded the skyrocketing profits of the insurance industry.
t's time our lawmakers listened to the people of Connecticut, rather than millionaire insurance executives.
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