Tag: Colorado health insurance

State-run health insurance exchanges may lack funds

Nordstrom
Colorado Health Insurance

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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Insurance rates in Colorado receive approval for increase

G. Turner
insurance rates rise

Regulators have now given their permission to increase premiums by 1 percent. Colorado state regulators have now given their approval to raise the insurance rates for over 1,000 different health plans that are being offered by more than 20 different carriers, for 2015. Though not all of those plans will see increased rates, the average will be a very slight premiums rise. When compared to the previous year, the insurance rates will be increasing by an average of 1.18 percent, next year. The areas that typically face the highest health…

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Report highlights disparity in children’s health insurance

S.Vagus
Children’s Health Insurance Program kids

Report shows that insurance for children is lacking in state-based exchanges and the private market The Wakely Consulting Group has released a report showing the disparity in coverage for children between state insurance exchanges and Children’s Health Insurance Programs. These programs are jointly funded by the federal and state governments and exist to provide insurance coverage to children. In many cases, coverage for children is somewhat lacking in the private market, and this may also be the case for insurance exchanges. These exchanges typically offer policies that are very similar…

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Marijuana creates some uncertainty in the health insurance space

S.Vagus
Medical Marijuana Auto insurance statistics

Some insurers may opt to raise rates for marijuana users in the future Some companies in the insurance industry are still unsure how to approach the issue of legal marijuana. In Colorado and Washington, where the use of recreational marijuana is legal, the issue has not yet had any impact on health insurance premiums. This may not be the case for long, however, as insurers begin to examine whether or not smoking marijuana can be considered to be within the same category as smoking tobacco, in terms of risk. Despite…

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Colorado health insurance co-op takes a new approach on the insurance business

Logan B.
Colorado Health Insurance

Colorado HealthOP puts a new spin on member governance Colorado’s first health insurance co-operative has begun accepting applications for its board of directors. Colorado HealthOP aims to initiative a major shift in how insurance companies operate in Colorado, setting a new standard in regards to customer service and insurance availability. The co-op has member control as its top priority and intends to allow its members a great degree of engagement within the insurance industry that they have not had before. The Colorado HealthOP aims to accomplish this by inviting its…

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