Colorado Hospital Association Statement Regarding Projected Decrease in Individual Health Insurance Marketplace in 2020
We are pleased that the Insurance Commissioner is projecting a decrease in premiums on the individual market for 2020, as it reflects the many efforts by hospitals and providers to take ownership of their portion of the total cost of care. In fact, a recent report credited moderate hospital spending with restraining overall health spending, and we believe that is evidenced in this release from the state. In addition, Colorado hospitals will be the main source of funding for the state’s two-year reinsurance program, further indication of the role that hospitals are playing in improving affordability for Coloradans.