'The charade that the Colorado Option would supply healthcare savings and benefits for consumers is tumbling down like a house of cards.'
found that in nearly every case, in almost every county in the state, the Colorado Option plans were NOT the least expensive. Furthermore, a whopping 85% of Colorado Option plans were unable to meet the government’s arbitrary 5% reduction in the first year. As a result, few people and businesses bought the Colorado Option. Instead, they chose a private plan that was more affordable and better suited to their individual needs.
Competition was another failure. The artificial market manipulations and unsustainable rates forced upon insurance carriers resulted in some carriers leaving the state. DOI recently announced the departure of Friday Health Plans. The Colorado Option may not have been the sole reason for that, but it was likely a contributing factor.
This is absurd. The Colorado Option plans are not selling because they do not meet the needs of individual consumers or small businesses.
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