Health Insurance Rates Up More Than 20 Percent In Colorado

DENVER (AP) – Coloradans shopping for health insurance will see double-digit rate hikes next year, a result of insurers leaving the market and cutting plans.

The state Division of Insurance announced Tuesday that the cost of individual plans is going up by an average of 20.4 percent. The rate hikes will affect about 450,000 people in Colorado who don’t have insurance covered by an employer and also don’t qualify for Medicaid or Medicare.

In the small group market, which is made of up small employers, rate increases are much more moderate, averaging 2.1 percent.

About 92,000 people must find new coverage in Colorado next year because their insurance companies have left the market. UnitedHealthcare and Humana Insurance won’t offer individual plans, and Rocky Mountain Health Plans will only offer them in Mesa County.

(© Copyright 2016 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)

Comments

One Comment

  1. Debra Kammerzell says:

    Yes, ours went up $300 a month. We are both self employed and wll pay $1500 a month.

  2. Katie Smith says:

    I want Michael Bennet to debate Darryl Glenn and answer why he voted for Obamacare. It has hurt a lot of Coloradans, and, according to the Colroado Care pushers, we still have lots of people uninsured. I want to know why he just votes party line and not what is best for Colorado.

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