More than 80 percent of health insurance premiums collected by Colorado carriers went directly to the cost of providing health care, up from just under 77 percent in 2009. The report, issued by the Colorado Division of Insurance, is for calendar year 2010, and is an annual report that looks at the factors that drive [...] [...]
Health plans have the lowest customer service rating of more than 200 companies, according to a new research report published by Temkin Group. The group rates customers’ experiences at 206 large companies across 18 industries. It’s the second year of the study. The research is based on a survey of 10,000 U.S. consumers and includes [...] [...]
The Colorado Division of Insurance will be keeping a closer eye on insurance companies and their ever-increasing proposals to raise premium levels. The division will use a $4 million, three-year federal grant to more accurately and efficiently review the rate increase proposals. Last year, insurance carriers in Colorado increased their rates on average of 9 [...] [...]
Enough with the fun and games. Watson is going to work. IBM’s supercomputer system, best known for trouncing the world’s best “Jeopardy!” players on TV, is being tapped by one of the nation’s largest health insurers to help diagnose medical problems and authorize treatments. WellPoint Inc., which has 34.2 million members, will integrate Watson’s lightning [...] [...]
A new health insurance website launched today from the Colorado Division of Insurance hopes to answer the questions about the cost of health insurance — questions that plague Coloradans, officials said. “This new website will help arm consumers with the facts on what drives the cost of health insurance premiums, how to shop smart for [...] [...]
The number of Colorado small businesses providing health benefits to their employees in 2010 fell 10 percent from the year before, according to a report from the Colorado Division of Insurance. In the last decade, the number of Coloradans with health insurance from a small business employer dropped 50 percent from 537,996 in 2000 to 267,411 [...] [...]
Gov. John Hickenlooper has signed into law a bill intended to pull children’s health insurers back into Colorado’s market. Senate Bill 128, sponsored by state Sen. Linda Newell, D-Littleton, would require any company that offers individual adult health insurance policies in the state to offer individual children’s policies as well. [...]
There is no shortage of opinions about the impact of Federal health care reform. For those of us who own or manage businesses, opinions are terrific material for water cooler speculation, but the real challenge we must face is to understand the practical impact of health care reform on our businesses, the people we employ [...] [...]
A new health insurance plan to cover people with pre-existing conditions is now available in Colorado.
The plan began accepting customers today. Gov. Bill Ritter says providing insurance for people who've suffered from diseases could reduce the cost of health care.
The plan is a result of health care reform passed by Congress this year and will be phased out in 2014 when the core parts of that legislation takes effect.
Colorado is one of 29 states that will administer their own plans. The federal government will run the program in the remaining 21 states. [...]
Colorado’s workers are paying a higher share of health insurance premiums than their counterparts in the rest of the nation. The Colorado Division of Insurance released its annual report this week, and reported that while premiums in Colorado mirror increases nationwide, employees shoulder more of the payment than the national average. More Coloradans were also [...] [...]
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