Sept. 20, 2016
Contact: Jenny Davies, 720-296-9545, [email protected]
Statement of Adam Fox, Colorado Consumer Health Initiative director of strategic engagement
“Affordable insurance coverage is a priority for Coloradans, and the final rate increases will be a problem for some consumers, especially in the 14 counties with only one insurance carrier.
“Because of the lack of transparency in some insurer’s filings, it’s hard to say how or if these significant rate increases have been justified. There were several insurers that redacted critical information in their filings, making it impossible for anyone but the Division of Insurance to review them in full.
“We know that successful insurers in Colorado are taking steps to control healthcare costs, like using more integrated care models and creating plans that meet the needs of the exchange’s dynamic individual market. We expect all insurers to step up and start doing more to manage skyrocketing costs, like proactively negotiating prescription drug and other health care costs to get the best value for consumers.
“We are optimistic that there is a new insurer entering the market to continue fostering additional choices for consumers, who we urge to spend time shopping in the marketplace for the plan that fits their needs at the best possible price. Many will be eligible for financial assistance to lower their premiums, which will be particularly important with rising rates.”
Colorado Consumer Health Initiative represents 45+ Colorado organizations and individual members representing more than 500,000 Colorado consumers, advocating for high-quality, affordable, and equitable access to health care for all Coloradans.