Source: Colorado Sun
Gov. Jared Polis recently announced massive reductions in premiums due to the reinsurance program passed by the legislature this year.
For some areas of Colorado, residents buying health care coverage on the individual market could see reductions of 18% – 40% in their premiums for 2020.
As health plans, we were delighted to see such significant decreases in premiums. For years, we have maintained that a reinsurance program could reduce the cost of premiums for many Coloradans by taking the highest cost claims out of the risk pool.