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Employee Benefits

Medical claims administration costs rose 20%: Report

October 24, 2022 Reprints

Connecticut insurance carriers spent 20% more to cover the administrative cost of medical claims in the second year of the COVID-19 pandemic, according to the newest state "report card" on insurance carriers, reports Connecticut InsiderLast year's health insurance claims expenses in Connecticut added up to nearly $10.8 billion, compared to just under $9 billion in 2020 as people started returning to their doctor’s offices after getting vaccinated against infection.

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Medical claims administration costs rose 20%: Report

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