Similar Stories to Colorado Reinsurance Estimated To Save $493 Million On Health Insurance on Bing News

Colorado’s reinsurance program will save people who buy their health insurance on the individual market an estimated $493 million next year, compared to how much premiums would have risen without it, according to the Polis administration. Statewide, premiums on the individual market will rise by an average of 5.6%, while they will increase about 7.1% for small-group plans. Reinsurance is a backstop that limits how much insurance companies have to pay out for the relatively small number of people who have highly expensive medical needs each year.

BING NEWS:
  • Colorado reinsurance estimated to save $493 million on health insurance
    Statewide, premiums on the individual market will rise by an average of 5.6%, while they will increase about 7.1% for small-group plans.
    10/19/2024 - 1:03 am | View Link
  • State announces 2025 health insurance rates
    The Pennsylvania Insurance Department announced Pennsylvania's 2025 Affordable Care Act health insurance rates, which will save Pennsylvanians approximately $77.2 million in 2025 health insurance ...
    10/14/2024 - 2:02 am | View Link
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