A bill that would create a state fund to help insurers cover their sickest and most expensive patients could reduce individual health insurance premiums in Colorado by almost 23 percent, the state Division of Insurance said Thursday. Colorado legislators are considering legislation to create a state reinsurance program, which, if passed, would help insurance companies cover costs once a patient reaches a set amount of health care claims. The Division of Insurance had an actuarial firm, Lewis & Ellis, review the proposed program, which would affect health insurance bought on the individual market. “This study shows that our innovative Colorado Reinsurance funding model works,” said Michael Conway, state insurance commissioner, in a statement.
Colorado Fund That Would Help Insurers Cover Sickest Patients Could Reduce Premiums By 23 Percent, Study Finds
Jessica Seaman, Denver Post: Politics
Thu, 03/21/2019 - 4:13pm
Topics: the division lewis ellis this colorado reinsurance michael conway medicaid related articles will colorado affordable care act the sens kerry donovan d-vail bob rankin r-carbondale reps julie mccluskie d-dillion janice rich r-grand junction colorado hospital association colorado division insurance in related fund sickest premiums percent study patients could reduce health program state bill create costs prices amount set review curtail companies hope expansion claims legislators pay jumped reports commissioner statement paid enrollment hospitals sponsors years
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