Pam Zubeck, Colorado Springs Independent
Insurers in Colorado have requested rate increases that average 5.94 percent for individual plans and 7.15 percent for small group plans in 2019, the Colorado Division of Insurance announced on July 13. Two companies are actually seeking rate decreases.
It also noted that seven companies will offer on-exchange individual plans: Anthem (as HMO Colorado), Bright Health, Cigna Health and Life, Denver Health Medical Plans, Friday Health Plans, Kaiser Foundation Health Plan of Colorado and Rocky Mountain HMO. All counties in Colorado will have at least one on-exchange company selling individual health plans, the state reported.
Colorado Consumer Health Initiative, which advocates for quality and affordable care, noted in a release, “Consumers would be seeing even better rates next year if it were not for GOP-created sabotage.” CCHI was referring to a move by the Trump administration to stop billions of dollars of payments to insurers under the Affordable Care Act’s risk-adjustment program, as well as reduced funds paid to help consumers enroll in coverage.
The Division of Insurance will study the rate proposals and announce approved plans and premiums for 2019 in coming months, after which a public meeting will be held.
See the original article here.