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Marketplace Competition Makes for Modest Increases

September 23, 2014

The Colorado Health Institute  analysis of the 2015 health insurance rates approved by the Colorado Division of Insurance (DOI).

Colorado saw an increase of 1.18 percent for all 2015 policies, according to the DOI.This modest increase compares to higher costs in a number of other states.

Some other findings:

  1. Rates in western Colorado, including the mountain resorts that had among the highest rates in the nation in 2014, dropped by 7.44 percent as the result of a reconfiguration by the DOI.Rates in eastern Colorado fell by 5.01 percent.
  2. The highest average increases will be in Fort Collins at 5.26 percent and Greeley at 4.57 percent.
  3. Consumers buying plans through the Colorado's state-based marketplace, Connect for Health Colorado, will see lower increases (.20 percent) than those buying plans off the marketplace (2.4 percent). 
  4. Rates in the small group market for employers with fewer than 50 workers will increase 5.95 percent through the marketplace and a smaller increase, 1.9 percent, off of the marketplace. 

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