Bipartisan OK for Relief From Health Insurance Costs
Rep.
Health insurance costs have been increasing significantly for the last few years. These increases are driven in part by the underlying cost of care, but they're exacerbated by an insurance market that assigns the highest risks and highest costs to the individual market, especially on the Western Slope, causing consumers to opt out of health insurance.
HB18-1392, establishing a reinsurance market for health insurance companies, passed the House today on a 40-23 vote.
"If the market collapses, uncompensated care will surge and the costs will be borne by all of us," said
With an assessment on health insurance companies of 2 percent of the health insurance premiums they collect, a 25-year-old with a catastrophic plan in
"Coloradans on the individual market are truly struggling to afford health care,"
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