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October 16, 2023 / 2023 Power 25 Health Care

2023 Power 25 Health Care: Andrew Mais

Andrew N. Mais

As head of the Connecticut Insurance Department, Andrew Mais has the challenging job overseeing one of the state’s most important industries, and his agency plays a leading role in determining healthcare costs for consumers and businesses.

His office’s duties include regulating health insurance rates proposed by insurers, a role that comes with much scrutiny from the industry and general public.

Mais’ power was on display in early September, when he pared back insurers’ average 2024 rate requests for the fully insured small group market (from 12.4% to 9.4%) and individual market (from 14.8% to 7.4%).

While the average rate increases approved by the state are lower than what insurers originally requested, they still represent a significant increase in costs to consumers and businesses in the coming year.

Mais has acknowledged that fact.

“Our dedicated team of actuaries and other professionals has appropriately reduced the requested health insurance rates increases,” Mais said when he announced the rates approved by his office. “However, the ongoing challenge is in addressing the underlying issues that cause these premiums to rise.”

Those issues, Mais said, include the high costs of prescription drugs and increased demand for medical services.

Mais has an extensive private and public sector background. Previously, he was a member of Deloitte’s Center for Financial Services, where he served as a subject-matter specialist and resource on insurance regulation. Prior to that, he was a director at the New York State Insurance Department.

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