Katie Kerwin McCrimmon, Health News Colorado
“Consumer groups are celebrating the news that overall, health insurance rates for next year seem to be holding steady with this year’s rates.On average across Colorado, the rates that regulators at the Division of Insurance approved for 2015 went up 1.18 percent. Because the costs will vary significantly by region, some people could find they’re paying more, while others may see decreases.
“On average, things are staying flat,” said Matt Valeta, a health policy analyst and expert on insurance rates with the Colorado Consumer Health Initiative, a group that represents consumers throughout the state. In the past, insurance hikes of 8 to 10 percent a year were typical, so Valeta says it’s striking to see that rates in Colorado appear to be leveling off. “That’s a huge change and something we’re excited to see,” Valeta said.”
Read the full article here.