colorado health

Colorado continues innovative approach to reducing health care costs – State of Reform

Colorado became the first state in the country to have a state-designed health care insurance option for its residents approved by CMS last Thursday.

Approval of the Colorado Option through the federal 1332 waiver now means the state can proceed with rate setting for its standardized health insurance plan, which is mandated to be sold at lower prices and should be finalized by summer’s end to take effect in 2023, culminating a decade’s worth of health policy efforts aimed at reducing health care costs.

 

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Those efforts include the state’s reinsurance program, which was extended for an additional 5 years last year and spreads risk across the health insurance market to help insurers pay expensive claims, and the Hospital Provider Fee that supports hospitals serving Medicaid and uninsured patients.

The Division of

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