California, CO Residents Could See Dramatic Rate Decreases In 2020

By Amy Lotven / July 22, 2019 at 6:05 PM
Some residents in Colorado could see premiums drop by 33.5% in 2020 and Californians may see decreases of up to 10 % compared to 2019 prices based on preliminary rates, and both states attributed the cost reduction to state-level actions to shore up the marketplace. Colorado has already submitted a waiver to set up a reinsurance program for 2020, and California enacted an individual mandate and a new subsidy program that offers additional financial assistance to nearly a million residents...

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