To Our Valued Stakeholders,
Our board Executive Committee has voted to support a bill introduced this week in the state Legislature aimed at lowering premiums for buyers in the individual health insurance market through creation of a reinsurance program. The program envisioned in HB 1392 would assist health insurance companies with high cost claims to keep premium increases down.
Containing premium costs through a reinsurance program is of particular benefit to buyers who do not qualify for tax credit help and is aligned with Connect for Health Colorado’s mission to “increase access, affordability and choice” to Coloradans buying health insurance.
Learn more about the legislation.
I mentioned last week that a new law will allow brokers to charge a fee for assisting a customer in certain circumstances.
In the News
Wisconsin’s governor this week submitted a 1332 waiver request to U.S. Department of Health and Human Services to establish a reinsurance program, similar to the waiver request that is called for in HB 1392. Wisconsin officials estimate the program could reduce premiums 5 percent, according to an article in The Milwaukee Journal Sentinel.
Kevin Patterson, MURP, MPA
Chief Executive Officer
Connect for Health Colorado