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More premium money spent on care, report says

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 More premium money spent on care, report says

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 Insurance division grant allows closer eye on insurance cos.

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Coloradans spent $25M on insurance last year

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Coloradans spent more than $25 billion on insurance premiums in 2010, according to the Colorado Division of Insurance. “This report is a guide for consumers and industry representatives, and includes selective financial information and market share data for about 1,400 insurance companies licensed to sell insurance in Colorado,” said Commissioner of Insurance Jim Riesberg. For… Continue Reading Coloradans spent $25M on insurance last year

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Health insurance costs increased 10 percent in the last year, which makes this the third year of double-digit increases, according to the Mountain States Employers Council. While Colorado Springs saw an average price increase of 10 percent, Northern Colorado’s employers saw increases of 12 percent, up from 10 percent in 2010. The average increase for… Continue Reading Mountains States tallies Springs’ health insurance costs

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