Jakob Rodgers, the Gazette
Double-digit rate increases and shrinking options are ahead for Coloradans buying their own health insurance.
The turbulence mimics a “market correction” seen elsewhere in the nation among health insurance companies, which have had trouble navigating the post-Affordable Care Act marketplace, said Marguerite Salazar, Colorado’s insurance commissioner.
“They’re really needing to take some time and sort out who this market is and then how to price it,” she said.
“For those people who have access to financial assistance through Connect for Health Colorado, any kind of increase in the rates would be basically offset by an increase in the financial assistance that they would receive,” said Adam Fox, director of strategic engagement for the Colorado Consumer Health Initiative. “It’s probably fair to say that the subsidies will be going up. By how much, I think, is the question.”
Read the full article here.