State gets different brand of insurance
Small businesses and individuals have a new and different option for health insurance, thanks in part to the Affordable Care Act. The recently approved Colorado Health Insurance Cooperative is a consumer-driven company. Insured members will make up the majority of the board, and will direct much of the decision-making process as soon as 2014, said [...]
Leo Kattari has to go to the doctor every three months for blood tests, and he takes biweekly testosterone shots. Although he has health insurance through his job, the policy covered none of the checkups, lab tests or medicines. “I spend about $200, $300 every time I go to the doctor,” he said. “My doctor [...]
Continue reading …When it comes to health insurance rates in 2013, there’s good news and bad news.
Continue reading …Colorado consumers with health insurance will benefit from $27.5 million in rebates from insurance companies this summer, because of the Affordable Care Act’s 80/20 rule. The rebates will go to 208,000 people and will average $227 for each Colorado family. The health care law requires insurance companies to spend at least 80 percent of premium [...]
Continue reading …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 [...]
Continue reading …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 [...]
Continue reading …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 [...]
Continue reading …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 [...]
Continue reading …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 [...]
Continue reading …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 [...]
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