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Tag: Connect for Health Colorado

Colorado Health Insurance Rates Rise 10% Statewide and 15.5% in Mesa County
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The Colorado Sun, Approved, State

Colorado Health Insurance Rates Rise 10% Statewide and 15.5% in Mesa County

By John Ingold | The Colorado Sun State and federal subsidies, though, will blunt the price increases for people with lower incomes. If you buy health insurance on your own without help from an employer — and without receiving subsidies from the state or federal government — this will come as unwelcome news: Prices for coverage next year will increase by an average of 10% across the state and by even more if you live in the mountains or on the Western Slope. The state Division of Insurance announced the price increases Tuesday, pinning blame for the rising rates in part on Congress’ refusal to extend some price subsidies last year. Rising healthcare and prescription drug costs are also to blame. Colorado somewhat made up for the loss of the enhanc...
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More Than 40,000 Coloradans Impacted As Cigna Leaves Individual Market
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The Denver Gazette, Approved, State

More Than 40,000 Coloradans Impacted As Cigna Leaves Individual Market

By Marianne Goodland | The Denver Gazette 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 on April 30. In Colorado, Cigna provides individual health insurance to 40,853 members, according to the the state’s insurance office. Cigna joins five other insurers that have pulled out of Colorado since 2022. That doesn’t include two insurers that announced they were withdrawing from the individual market last year but rescinded that announcement two months later. ...
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Colorado Health Care Bailout Bill Could Hit Families and Small Businesses With $40 Million Fee
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CBS Colorado, Approved, State

Colorado Health Care Bailout Bill Could Hit Families and Small Businesses With $40 Million Fee

By Shaun Boyd | CBS Colorado Colorado insurers say health care premiums could increase by hundreds of dollars in 2027. The warning comes as state lawmakers consider $40 million in new fees on insurers that the companies say they'll pass on to policyholders.  Democratic stet Sens. Iman Jodeh and Kyle Mullica are sponsoring a bill that would bail out the Health Insurance Affordability Enterprise, which is short $140 million. The enterprise subsidizes care for 176,000 Coloradans on Connect for Health Colorado and 6,700 undocumented immigrants on OmniSalud. That's in addition to supporting the Colorado Reinsurance Program, which helps cover high-cost claims. READ THE FULL ARTICLE AT CBS COLORADO
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Audit Finds Serious Financial Failures at Colorado’s Health Exchange
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The Denver Gazette, Approved, State

Audit Finds Serious Financial Failures at Colorado’s Health Exchange

By: Marianne Goodland | The Denver Gazette Worries that the quasi-governmental agency that operates Colorado’s official state-based health insurance marketplace was spending money for political purposes turned out to be unfounded, according to a new audit. But the state audit found that Connect for Health Colorado has serious problems with its financial management, including a lack of oversight on the use of a credit card by its chief executive officer. That questionable spending included up to $13,000 on alcohol alone over an 18-month period. The audit released Monday by the Legislative Audit Committee looked into the financial management and sponsorship activity of Connect for Health Colorado. It found that the organization’s policies and oversight need major change...
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