Angela K. Evans, Boulder Weekly
“What we have seen is that the co-ops that have been able to continue to exist are largely functioning in markets where they are really competing only against maybe one or two other insurers,” says Adam Fox, the director of strategic engagement at Colorado Consumer Health Initiative, a bipartisan nonprofit.
“Therefore they are able to price their premiums a little bit higher and not necessarily be faced with not having enough insured lives to make it viable in the same way. Because Colorado has a more competitive health insurance market with so many carriers, it really meant that HealthOP had to come in with competitive prices, which meant that they weren’t able to build up some of the reserves that the Division of Insurance eventually was wanting to see and that those federal funds would have helped fill.”
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