Colorado ACA Premiums Jump 11% as Cancellations Climb 29%
Updated
Updated · The Denver Post · Aug 16
Colorado ACA Premiums Jump 11% as Cancellations Climb 29%
1 articles · Updated · The Denver Post · Aug 16
Summary
Colorado marketplace insurers plan to raise Affordable Care Act premiums by 11% next year, adding to a 28% increase that hit consumers last year.
A 29% rise in health plan cancellations as of July 1 reflects mounting affordability pressure after federal ACA premium support expired and Medicaid funding was cut.
Colorado's state-funded premium assistance program limited ACA enrollment declines to 7% and kept about 28,000 residents insured, but officials say it has not offset the federal pullback.
Oklahoma's 32% enrollment drop offers a regional comparison, while advocates warn deeper fallout is still ahead because some Medicaid cuts were delayed until after the midterm election.
The article cites Congressional Budget Office estimates that Medicaid cuts could leave 15 million Americans uninsured and the ACA subsidy lapse another 5 million without coverage.