David Olinger, The Denver Post

For people buying their own health insurance, the cost of coverage in Colorado is going up.

Statewide, an average individual policy will cost almost 10 percent more next year, the Colorado Division of Insurance announced Friday. For small businesses and nonprofit agencies — those with two to 99 employees — the increases will average a more modest 3 percent. Overall, the average increase will be about 7 percent.

“Rates reflect the cost of health care, and the Division of Insurance has verified that information,” commissioner Marguerite Salazar said. “This is only the third open enrollment under the Affordable Care Act, and these rates represent the first time carriers had a full year of data to inform their rates.”

“Colorado still has a robust market of health insurance plans,” said Adam Fox of the Colorado Consumer Health Initiative, but “it will be even more important for consumers to shop carefully.”

Read the full article here.

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