DENVER – Gov. Jared Polis says health insurance premiums are dropping substantially for Coloradans buying individual insurance plans on the state exchange next year.
Polis told a news conference Thursday that the average 2020 price drop will be more than 20% from current rates.
It’s the first drop of any kind since enrollments on the exchange began in 2013.
That’s largely because of a new state-run reinsurance program that covers the highest-cost cases, allowing insurers to drop their rates.
The new rates for individuals go into effect once the buying period for 2021 begins on the state exchange on Nov. 1.
