GRAND JUNCTION, Colo. — Legislative sponsors and Governor Polis announced Wednesday that the reinsurance program has been approved for a federal 1332 waiver. The program’s purpose is to save Colorado consumers in health care costs– especially in rural areas.
Earlier this month, An 18.2 percent average decrease is estimated in premiums for individual plans across the state, and even greater savings of up to 33.5 percent for high-cost areas such as the Western Slope.
“I am thrilled that the reinsurance program will move forward and that my Western Slope constituents and Coloradans across the state will see real, substantial reductions in their health care costs.
I hear almost every day in my community that the cost of health care is the single greatest challenge to staying in the high country. Every Coloradan deserves access to high-quality, affordable health care services in the communities where they live – and this program is a key part of our plan to achieve that goal.”Rep. Julie McCluskie, D-Dillon