Individual Premiums Jump 27%, Small Biz Plans Up 6.6%

Date: October 03, 2017

Related Content: News State Colorado

Health premiums in Colorado are jumping yet again.

Uncertainty over the future of health care remains a major issue for states, with premiums expected to jump in 2018 yet again. The Denver Business Journal reports that individual health-insurance premiums are expected to rise by an average of 26.7 percent, which is actually slightly smaller than initial forecasts. Small business health plans are expected to see an increase of around 6.6 percent.

Colorado Insurance Commissioner Marguerite Salazar blocked one requested increase of 41.2 percent, sought by insurer Cigna, reports the Denver Business Journal.

“Affordable health insurance is truly a non-partisan issue, and these rates keep me up at night,” Salazar said according to the Denver Business Journal.

NFIB continues to advocate for the repeal and replace of the Affordable Care Act and the skyrocketing costs it has imposed on small businesses.

“The skyrocketing cost of healthcare was made worse by Obamacare and now, after seven years of promises to repeal it, small businesses will continue to endure Obamacare’s crushing taxes and mandates,” wrote NFIB president and CEO Juanita Duggan after congress failed to repeal and replace the ACA in July.

Related Content: News | State | Colorado

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