reinsurance
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Colorado awarded $245M for cost savings from state health insurance programs
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Cost reductions from Colorado health insurance programs saved the federal government $245 million in 2023, money which will soon be returned to the state. The U.S. health and treasury departments announced Colorado’s $245 million in pass-through funding on Wednesday – the largest amount Colorado has received, said Insurance Commissioner Michael Conway. This is the first…
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Colorado insurance rates will be more expensive than Polis administration promised
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Colorado’s insurance premiums will increase by double digits in the individual pool and by a substantial amount in the small group market next year, rate changes the state released on Tuesday show, leading the trade association for health insurers to argue that the Polis administration “chose politics over math.” Coloradans face a 7.4% hike…
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Colorado House committee approves ‘reinsurance’ bill intended to lower health premiums
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A Democratic state lawmaker hopes a bill approved by the House Health and Insurance Committee Wednesday will lower the cost of health insurance premiums for Coloradans “who just can’t take it anymore.” But the measure is opposed by hospitals – particularly in rural Colorado – that don’t want to see their provider rates cut. House Bill 1168 would…
