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How much Colorado health insurance rates will increase in 2023

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How much Colorado health insurance rates will increase in 2023


Data: Colorado Division of Insurance; Chart: John Frank/Axios
Knowledge: Colorado Division of Insurance coverage; Chart: John Frank/Axios

Well being insurers are elevating charges subsequent 12 months in Colorado — and a few are abandoning the state.

Why it issues: The price of well being care is a key driver that makes it much less reasonably priced to reside in Colorado.

  • Increased insurance coverage charges additionally lead individuals to forgo protection or care, disproportionately affecting minority communities.

Furthermore, it is a blow to Gov. Jared Polis, who stakes his time period on decreasing well being care prices, and a setback for the brand new government-managed “Colorado Possibility” that Democrats promised would drive down prices.

By the numbers: The typical medical health insurance plan on the person market will improve 10.4% in 2023 with a 7.4% soar for small firms that purchase on the group market.

  • The typical belies vital variations within the charge modifications. Friday Well being Plans will improve charges 25.1% however the Denver Well being Medical Plan will decrease charges 2.6%.

Between the traces: How far more individuals pays additionally will range broadly due to subsidies accessible on the state’s medical health insurance trade, Join for Well being Colorado. Open enrollment begins Tuesday.

The intrigue: The speed hikes are amplified by phrase that Humana will now not supply employer group plans in Colorado beginning June 30, 2024. It is going to have an effect on about 18,000 coverage holders, Colorado Politics stories.

  • Brilliant Well being — which insures 50,000 individuals within the state — just lately introduced it will not supply plans in 2023 as a result of they cannot be worthwhile.
  • At the least two different insurers even have plans to exit, consultants say.

The massive image: The market shifts come as Colorado ramps up its regulation of the market and begins to supply a state insurance coverage possibility.

  • In lots of instances the insurers requested bigger charge hikes, however regulators pressured them to carry to a 2% revenue margin.

Zoom in: The Colorado Possibility will debut in 2023 with three plans in all however Jackson County. The personal plans should match government-mandated protection choices and want to chop prices to shoppers by 5% in every of the following three years underneath the legislation that created this system.

  • Nonetheless, they are not the most cost effective plans in the marketplace — which critics of the laws say, counsel this system is failing.
  • “The result of these selections are fewer carriers providing particular person and small group merchandise to shoppers throughout the state, much less competitors, and better premiums,” Colorado Affiliation of Well being Plans govt director Amanda Massey stated in an announcement.

The opposite aspect: The Polis administration is asking it a win as a result of they’re beneath the common value level and driving competitors.

  • “They’re virtually competing with themselves,” Colorado insurance coverage commissioner Michael Conway stated. “They’re making an attempt to cut back their premiums to account for the truth that the Colorado Possibility is bringing premiums down.”



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Denver, CO

NFL.com’s Prediction for Broncos’ 2024 MVP Might Not Thrill Sean Payton

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NFL.com’s Prediction for Broncos’ 2024 MVP Might Not Thrill Sean Payton


Denver Broncos Pro Bowl cornerback Patrick Surtain II has admitted this offseason that he plans on making improvements over last year’s performance. There’s little doubt that Surtain appears to be the Broncos’ most talented player, so expecting the 24-year-old to keep getting better is a solid bet.

NFL.com’s Eric Edholm went around the league to pick each team’s 2024 MVP, and Surtain was unsurprisingly pegged to be a new and improved version of himself in 2024.

“Though I admit that this race is wide open, I arrived at Surtain pretty quickly. It was never going to be one of the quarterbacks for me, not until I’ve seen more from Jarrett Stidham or Bo Nix. Receiver Courtland Sutton could be that guy, especially with Jerry Jeudy having been traded to Cleveland, but Sutton apparently remains at loggerheads with the team over his contract, and his production will be dependent on how the QBs perform.

“Surtain isn’t even coming off his best year, to be honest; in 2023, he committed more penalties (six) than he had in his first two seasons combined. He also allowed more receptions than he did in either Years 1 or 2, according to Pro Football Focus. But I believe he has the best chance to be Denver’s MVP in 2024, given the makeup of the offense and the fact that he’s the Broncos’ top defender right now, at least on paper. Surtain was a more reliable tackler last season than he’d been previously, and he’s tasked with containing WR1s on a weekly basis. If he can make a few more plays on the ball, earning this honor wouldn’t be a stretch at all,” Edholm wrote.

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Surtain has never been short on confidence, but the 70-point humiliation the Broncos defense took squarely on the chin in Miami last season was hard to look past. Year 1 under defensive coordinator Vance Joseph in Denver had its ups and downs, which fully tested Surtain’s mental fortitude.

Entering Year 2 in the system, Surtain has the familiarity with Joseph’s defense and what he’s trying to achieve. Surtain has sounded a lot more enthusiastic about the simplistic and attacking defensive scheme the Broncos are going to run under Joseph moving forward.

“It’s great. Vance, obviously, he’s set a great example for us, just believing in us with his playcalls, but also he’s simplifying it even more, so we can play faster, feel comfortable, and that’s the main thing you want in a defense,” Surtain said via Andrew Mason back in June. “We’ve got the utmost belief in Vance, and I know Vance has the utmost belief in us. It goes hand in hand.”

Truth be told, head coach Sean Payton would probably much prefer that Denver’s MVP ultimately ends up being first-round quarterback Bo Nix, rather than anyone on defense. Making any sweeping predictions that Nix will even be the full-time starter would be premature. Training camp will answer a great deal of questions on that front.

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It’s generally accepted that Sutton will be the Broncos’ No.1 receiver. NFL.com has a theory that Sutton’s stubborn contractual issues might take him off his stride, but that’s probably being overplayed.

Sutton’s diligent approach to his craft won’t stop him from preparing to the best of his abilities, and that will include a private get-together between Denver’s quarterbacks and receivers for a throwing session or two prior to training camp. The challenge any receiver faces of bonding with a rookie quarterback during the season or with a career backup like Stidham could curtail Sutton’s chances of becoming the Broncos’ MVP.

The decreasing likelihood that Sutton, Nix, or another offensive player will become a dominant force, makes Surtain the heavy favorite for team MVP honors. Furthermore, Surtain will do it the hard way, simply on account of drawing the toughest one-on-one assignments on a weekly basis.

Factor in a looming lucrative contract extension for Surtain, and the Broncos and their star defender have every reason to be massively motivated for this season. All told, that makes Surtain the horse to back in the Broncos’ MVP battle — until someone else throws a wrench in the works.


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Denver weather: Mostly clear skies ahead for Independence Day, slight chance of evening storms

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Denver weather: Mostly clear skies ahead for Independence Day, slight chance of evening storms


The Denver metro will see sunny skies for the Fourth of July with a slight chance of evening thunderstorms, according to the National Weather Service at Boulder.

Denver residents can expect temperatures to top out around 83 degrees Thursday with sunshine through 5 p.m.

Between 5 and 10 p.m., there’s an about 10% chance of rain and thunderstorms in Denver, according to the weather service.

That chance rises to about 20% in the cities south of Denver, including Centennial, Highlands Ranch and Parker.

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Denver, CO

Brenntag expands in Denver with ICC acquisition

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Brenntag expands in Denver with ICC acquisition


Brenntag, the global market leader in chemicals and ingredients distribution, announced the acquisition of the assets of Industrial Chemicals Corporation (ICC) in Denver, Colorado, expanding its geographical footprint with a strategic distribution facility to better serve the region.

Over the last 60 years, the Biesemeier family built Industrial Chemicals Corporation into a leading regional industrial commodity chemical distributor. The centrally located ICC facility in Denver significantly enhances Brenntag’s regional presence. It is directly linked to an inland rail terminal and has large storage capacities.

Brenntag, the global leader in chemical distribution, has acquired Industrial Chemicals Corporation (ICC) in Denver, Colorado.
This acquisition enhances Brenntag’s regional presence with ICC’s strategically located facility linked to an inland rail terminal.
ICC CEO welcomes the opportunity to expand and better serve customers through this partnership.

Scott Leibowitz, president Brenntag Essentials North America, comments: “I want to welcome all our new colleagues of ICC to our team. Brenntag Essentials combines a cost-efficient network of last mile service operations with regional sourcing and supply chain services, and global sourcing. The location in Denver, Colorado is a highly compatible fit to our strategy, adding strong local last mile service operations with a state-of-the-art site to strengthen our regional footprint in North America. With this acquisition, we will increase service levels and cost efficiency for Brenntag customers while providing Brenntag supply partners with greater access to the local market.”

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Jamie Biesemeier-Wilkins, CEO of ICC, commented: “For nearly 70 years, ICC has been striving to support our customers in the best way possible. Brenntag recognized what we have built here, and we’re excited to be joining forces with them. It’s a great way to expand our reach and better serve our local and regional customers.”

ICC reported an annual revenue of 40 million USD in 2023. Signing and closing happened simultaneously. Financial details of the transaction are not being disclosed.

Note: The content of this press release has not been edited by Fibre2Fashion staff.
 

Fibre2Fashion News Desk (HU)



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