In 2014, a sign placed out on the 16th Street Mall, beckoned people to sign up for health insurance through the Affordable Care Act.Premiums for Coloradans who buy their insurance on the individual market will increase this year, but by a combined $411 million less than if the state hadn’t taken steps to rein them in, the Colorado Division of Insurance announced Monday.
The Division of Insurance’s review process, which determines whether companies can have the premium rates they requested, and the Colorado Option accounted for about three percentage points of the 24% reduction. The Colorado Option is a standardized plan that had a target to reduce premiums by 10% this year.“This is why we have the process,” he said.
Harris said 73 contracts between insurers and hospitals were renegotiated to reduce rates, contributing to lower premiums overall. Nearly 40 years later, one of Colorado's longest-running Superfund sites still has no radioactive waste cleanup plan