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Colorado Individual Insurance Market Rates Drop

Elise Thatcher

Coloradans who purchase their health insurance on the individual marketplace can expect to save even more money next year than lawmakers originally thought.

 

Governor Jared Polis says premiums on the marketplace will go down by an average of twenty point two percent next year thanks to a new reinsurance program. The savings will be two percent higher than what the state projected in July.

 

Polis says residents on the west slope and eastern plains will see the biggest savings.

 

About eight percent of Coloradans with insurance purchase it on the individual market. Polis says as premiums go down, the state’s uninsured rate should drop as well.

Scott Franz is a government watchdog reporter and photographer from Steamboat Springs. He spent the last seven years covering politics and government for the Steamboat Pilot & Today, a daily newspaper in northwest Colorado. His reporting in Steamboat stopped a police station from being built in a city park, saved a historic barn from being destroyed and helped a small town pastor quickly find a kidney donor. His favorite workday in Steamboat was Tuesday, when he could spend many of his mornings skiing untracked powder and his evenings covering city council meetings. Scott received his journalism degree from the University of Colorado at Boulder. He is an outdoorsman who spends at least 20 nights a year in a tent. He spoke his first word, 'outside', as a toddler in Edmonds, Washington. Scott visits the Great Sand Dunes, his favorite Colorado backpacking destination, twice a year. Scott's reporting is part of Capitol Coverage, a collaborative public policy reporting project, providing news and analysis to communities across Colorado for more than a decade. Fifteen public radio stations participate in Capitol Coverage from throughout Colorado.