Impact of Health Insurance Industry on Connecticut

08.27.2019
Economy

What impact does Connecticut’s health insurance have on the state’s economy?

Let’s start with the 25,000 people who work in the industry—not to mention the 23,000-plus additional jobs the sector supports in ancillary industries.

A 2019 Connecticut Economic Research Center report shows the sector pays $5.2 billion in wages and benefits annually, with an average salary of $123,000.

The industry also generates $15.5 billion economic activity annually, pays over $209 million in state taxes, and provides $101 million in funding for public health and welfare programs.

Economic-Impact-Analysis-final-CT-Health-Insurance-Industry

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