Colo. Co-Op Captures Biggest Market Share On State Insurance Exchange
The nonprofit health insurance co-op made market gains with an aggressive price cut. Some analysts, though, warn that this strategy involves financial risk. In other Colorado health exchange news, state Insurance Commissioner Marguerite Salazar says it’s time for non-compliant plans that were allowed last year to transition to more comprehensive plans required under the Affordable Care Act.
The Denver Post:
Colorado HealthOP's Surge On Insurance Exchange Carries Red Flag
An aggressive price cut by Colorado's nonprofit health insurance cooperative this year led to it capturing the biggest market share of the state exchange, but analysts warn the move carries financial risk. A similar co-op serving Iowa and Nebraska was shut down by regulators in January after heavy losses, and the Colorado HealthOP's losses were even greater when compared to its remaining funds, according to one analysis report. (Draper, 3/16)
Health News Colorado:
'Canceled Plans' To Be DOA For 2016
Health plans that don’t comply with the Affordable Care Act no longer will be allowed in Colorado after this year. The decision will affect about 190,000 people. (Kerwin McCrimmon, 3/13)