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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

Children’s Hospital signs deal with insurer to maintain continuity of care for Colorado military families

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Children’s Hospital signs deal with insurer to maintain continuity of care for Colorado military families


Children’s Hospital Colorado signed an agreement this week with TriWest Healthcare Alliance to remain in network with Tricare, which will ensure that Children’s medical services for uniformed service members, retirees and their families in Colorado don’t lapse.

The new arrangement, which begins on Jan. 1, comes as Tricare switches third-party companies — from Health Net to TriWest — to administer its healthcare plans. Tricare is overseen by the Defense Health Agency, which is part of the U.S. Department of Defense.

In a press release, Children’s Hospital Colorado said the new deal supplants a plan that would have moved it to a non-network participation status with Tricare. Children’s said Tricare reimbursement for children’s hospitals remains “well below the cost of providing care.”

This past spring, Children’s warned that it would have to make cuts to key departments this year because of a change in how Tricare pays for care. The insurer tied the payments to what Medicare would pay for the same services, as Tricare does for services to adults at civilian hospitals.

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The U.S. Department of Defense said the change, which was implemented in October 2023, would save the military up to $45 million in taxpayer funds annually, according to the Military Times.

Children’s Hospital Colorado estimated it had lost about $2.1 million a month since the reimbursement change was put in place compared to how Tricare used to pay. The system estimated about 16,000 kids insured by Tricare receive care at Children’s Hospital Colorado facilities, and about one in five children who receive care at the Colorado Springs hospital and clinics have military coverage.

Children’s this week said it will continue conferring with the Department of Defense, and elected officials, to ensure it can maintain high-quality, specialty pediatric care for all kids in Colorado.

“We are grateful for all the individuals and families who have joined us in our efforts over the past 18 months to address these TRICARE cuts,” the hospital said in a statement. “We will continue to share opportunities where your advocacy can help us preserve critical access to healthcare services for military families like yours at Children’s Colorado.”

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Denver, CO

Cleveland plays Denver on 5-game win streak

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Cleveland plays Denver on 5-game win streak


Associated Press

Cleveland Cavaliers (26-4, first in the Eastern Conference) vs. Denver Nuggets (16-11, fifth in the Western Conference)

Denver; Friday, 9 p.m. EST

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BOTTOM LINE: Cleveland will attempt to keep its five-game win streak alive when the Cavaliers take on Denver.

The Nuggets are 8-4 on their home court. Denver leads the Western Conference with 20.3 fast break points led by Christian Braun averaging 4.8.

The Cavaliers are 9-3 in road games. Cleveland ranks fourth in the Eastern Conference scoring 50.7 points per game in the paint led by Evan Mobley averaging 12.2.

The 119.8 points per game the Nuggets score are 9.6 more points than the Cavaliers give up (110.2). The Cavaliers average 16.1 made 3-pointers per game this season, 2.2 more made shots on average than the 13.9 per game the Nuggets allow.

TOP PERFORMERS: Nikola Jokic is averaging 30.9 points, 12.5 rebounds, 9.7 assists and 1.7 steals for the Nuggets.

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Mobley is scoring 18.5 points per game and averaging 9.0 rebounds for the Cavaliers.

LAST 10 GAMES: Nuggets: 6-4, averaging 123.2 points, 45.8 rebounds, 33.6 assists, 9.5 steals and 4.5 blocks per game while shooting 52.7% from the field. Their opponents have averaged 117.2 points per game.

Cavaliers: 9-1, averaging 120.7 points, 44.8 rebounds, 29.2 assists, 8.9 steals and 3.6 blocks per game while shooting 48.8% from the field. Their opponents have averaged 105.5 points.

INJURIES: Nuggets: Aaron Gordon: day to day (calf), DaRon Holmes II: out for season (achilles), Vlatko Cancar: out (knee).

Cavaliers: Emoni Bates: out (knee), Isaac Okoro: out (shoulder), Dean Wade: day to day (knee).

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The Associated Press created this story using technology provided by Data Skrive and data from Sportradar.




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Denver, CO

Colorado State Patrol urges drivers to remain in Denver amid winter weather in the mountains

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Colorado State Patrol urges drivers to remain in Denver amid winter weather in the mountains


GEORGETOWN, Colo. — The Colorado State Patrol said the “best option” is to remain in Denver amid winter weather that’s impacting roadways in the mountains.

In a post on X, formerly Twitter, the agency said westbound Interstate 70 is closed at Georgetown due to unsafe conditions between Georgetown and the Palmer Divide.

There is limited lodging and parking in Clear Creek County, according to CSP. The agency said the “best option is to stay in Denver.” It is unclear when the roadway will reopen.

Eastbound I-70 traffic was held at the Eisenhower Tunnel due to a crash just east of the tunnel, according to CSP. The roadway has since reopened.

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This is a developing story and will be updated.

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