Colorado Insurance Commissioner Blames Proposed Rate Increases On Fed Government

Colorado Insurance Commissioner Marguerite Salazer on Friday (July 14) attributed the nearly 27 percent average rate increase proposed by carriers in the individual market to the ongoing lack of clarity from the federal government on the status of cost sharing reduction payments. The state insurance division also reaffirmed that there is at least one issuer planning to sell products in every county, but noted that insurers are indicating that they may be forced to reevaluate their coverage plans if the...