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Colorado Hospital Association Statement on Reinsurance Waiver Approval

“Colorado hospitals recognize that the cost of health care has become unsustainable for many Coloradans, and we hope that this two-year reinsurance program – largely funded by hospitals – is effective in providing needed relief for patients from high insurance costs,” said Katherine Mulready, senior vice president and chief strategy officer, CHA. “The price of health insurance includes both the premiums and the copay and deductible costs, so this can’t just be about reducing premiums while insurers continue to raise out-of-pocket costs on Coloradans. We trust that the Polis Administration and the Insurance Commissioner will make sure insurers follow the law and that savings from reinsurance are fully passed on to consumers.”

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