Tag: Health Insurance
-
Cigna to pull out of individual health market, affecting thousands in Colorado
Another firm is withdrawing from the individual health insurance market, including for Colorado, effective Jan. 1, 2027. The move by Cigna Healthcare is part of the company’s overall plan to withdraw entirely from the Affordable Care Act market. It will impact individual health plans for 369,000 members in 11 states, according to a company announcement…
-
Single-payer would give patients peace of mind | Pius Kamau
Most Americans do not think of their individual health care often, and if they do, they don’t seriously consider its financial cost. The cost of providing health care to us is borne by the health care system: physicians and the late comers to the dance: HMOs. It often seems to me that when many Americans get sick, they are thrown into a…
-
Researchers to study universal health care, as Coloradans face $1 billion in medical debt
Colorado residents owe about $1 billion in medical debt. The sky-high number is a small portion of the nation’s medical debt estimated around $220 billion, according to a 2024 analysis by Peterson Center on Healthcare and KFF, formerly the Kaiser Family Foundation. As more people nationally are expected to lose their health insurance following planned…
-
COLUMN: Tackling insurance costs will require political courage
Frustrated by rising insurance premiums, Colorado drivers and homeowners are giving state lawmakers an earful. Home insurance rates in our state have grown faster since 2020 than anywhere else in the nation, according to the Wall Street Journal. With full coverage auto insurance costing an average of $3,233 a year, Coloradans are paying $600 a…
-
Colorado sends notices to ACA enrollees as premiums set to double
Without the enhanced federal subsidies that reduce payments when Americans buy health insurance under the Affordable Care Act, Colorado premiums are expected to double. And if not for supplemental money Colorado lawmakers approved during special session, the 101% average increase would have been 147%, said Kevin Patterson, the CEO for Connect for Health Colorado, which…
-
Colorado: Health insurance premiums set to double in 2026
Health insurance rates for middle-income Coloradans who buy their own coverage are set to double in 2026, according to the state’s insurance division. The statewide net average premium increase will hit 101%, the Colorado Division of Insurance said on Monday, adding that likely will mean that 75,000 Coloradans won’t be able to afford health insurance…
-
Colorado awarded $245M for cost savings from state health insurance programs
This is the largest amount of federal pass-through funding Colorado has received
-
Colorado insurance rates will be more expensive than Polis administration promised
Colorado’s insurance premiums will increase by double digits in the individual pool and by a substantial amount in the small group market next year, rate changes the state released on Tuesday show, leading the trade association for health insurers to argue that the Polis administration “chose politics over math.” Coloradans face a 7.4% hike…
-
Colorado hospitals to screen low-income patients for discounts, cap monthly billings
Beginning on Thursday, Colorado hospitals must screen low-income patients for discounts or public health insurance programs and limit the monthly medical bills they can be charged. Eligible Coloradans include those with household incomes at or under 250% of the federal poverty level — up to $69,375 for a family of four. If a patient is…
-
Individual health insurance premiums expected to increase by over 11% in Colorado
Health insurance premiums are expected to increase by over 11% in Colorado’s individual market and over 9% in the small employer market in 2023, according to the Division of Insurance. The division released the proposed premium increases Tuesday, using preliminary insurance company filings for 2023. In the individual market — health insurance plans separate from…