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Most insurers not showing lower premiums for Colorado Option plans: Report

Posted On: Sep. 20, 2022 11:48 AM CST

Only one of the eight health insurers operating in Colorado showed they would meet the requirement to reduce monthly premiums for all customers buying the new standardized health plans known as the “Colorado Option,” reports The Denver Post. Unlike a true public option, private insurance companies sell the Colorado Option plans, which are supposed to reduce monthly premiums by 5% from the baseline when they debut in 2023 and an additional 5% in 2024.