Connecticut holds the proud distinction as the Insurance Capital of the World and is home to tens of thousands of health insurance related jobs.
A 2018 study by Connecticut Economic Resource Center (CERC) concluded that the health insurance industry in the state supports 48,560 jobs and generates $15.5 billion in direct and indirect economic activity.
Despite the importance of the health insurance industry to Connecticut, the state legislature continues to contemplate passage of a state government-run public health care system that will put our flagship industry and its Connecticut jobs at risk. Jobs that have proven resilient during the COVID pandemic and an industry whose economic reach extends deep into the fabric of our communities from contributions to the property tax rolls to charitable donations and beyond. These are jobs that other states actively and aggressively recruit. Connecticut needs to stand by its signature industry and permanently shelve state government-run public option proposals. Connecticut policy should always strive to do better. State government-run solutions, however, aren’t the answer.