Legislation sought to repeal the state’s insurance exchange by January 2016 A bill that would have repealed the Colorado health insurance exchange, called Connect For Health Colorado, has been defeated by the state’s House Health, Insurance, and Environment Committee. The legislation — House Bill 1066 — was meant to dismantle the exchange, putting an end to the market place on January 1, 2016. The legislation would have also tasked any unused funds from the exchange to be funneled into the state’s general fund. Supporters of the bill claim that the…
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Colorado lawmakers look to increase oversight of state’s health insurance exchange
New legislations aim to introduce more oversight on insurance exchange Colorado may be placing its health insurance exchange under more scrutiny. The state’s Senate had granted approval for two bills that are designed to increase oversight of the exchanged, called Connect For Health Colorado. The exchange has managed to attract a large number of enrollees, all of whom are looking for affordable health insurance coverage. The recent success of the exchange has been praised by lawmakers, but past failures have also called into question how the exchange is operated. First…
Read MoreColorado’s health insurance exchange finds some success
Report shows that the state’s insurance exchange is performing well Colorado’s health insurance exchange officials have released a report concerning the exchange’s operations in 2014. This report is meant to be released every year, tracking the performance issues of the exchange and its ability to serve consumers. The report suggests that the Colorado health insurance exchange had a very successful first year of operations. The report also predicts that 2015 will be a good year for the exchange, thanks to healthy enrollment activity. Exchange succeeds in making insurance coverage more…
Read MoreColorado health insurance exchange is finding early success
Enrollment in state’s insurance exchange is outpacing last year’s enrollment rate Enrollment in Colorado’s health insurance exchange is already higher than it was during last year’s open enrollment period. Last year, the state’s insurance exchange had struggled to operate effectively due to severe technical difficulties. These complications made it impossible for some people to enroll for insurance coverage. There were also issues regarding awareness among consumers. Many people simply did not know that the exchange offered them health insurance coverage, while others had no idea how to use the exchange.…
Read MoreState-run health insurance exchanges may lack funds
Exchanges in some states do not have the access to financial resources they need to remain stable Some states may not have the money they need to operate their own health insurance exchanges. The Affordable Care Act gave states throughout the country the opportunity to build and operate their own insurance exchanges, but only 14 opted to do so. The federal government provided billions of dollars in funding to help exchanges take form in these states, but these exchanges also need to be self-sufficient and operate as effective and profitable…
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