Colorado Governor Polis Announces Federal Approval For Colorado’s Premium-Slashing Reinsurance Program

DENVER – Gov. Polis released the following statement announcing federal approval for Colorado’s reinsurance program, which will reduce premiums for hundreds of thousands of Coloradans:

“For the first time in history, Coloradans in the individual health insurance market will save an average of 18.2 percent next year. Finally, we’re driving insurance premiums down,” said Governor Jared Polis.

“We are thrilled to announce that Colorado has received federal approval for our reinsurance program, which will directly reduce health care premiums for hundreds of thousands of Colorado families. Bringing down the outrageous cost of health care in our state has been a top priority for my administration from the beginning, and this is a significant milestone on our way toward achieving that goal. We’re already seeing the direct impact this program will have on premiums on the individual market. That’s thousands of dollars in savings that Coloradans can put toward paying the mortgage, saving for college or retirement, taking a family vacation, or just living their lives.”

En español:

“Por primera vez en la historia de Colorado las personas que están en el mercado de seguros de salud individual se ahorrarán un promedio de 18.2% empezando el próximo año. Finalmente, estamos reduciendo las primas de seguros.

Estamos encantados de anunciar que Colorado ha recibido la aprobación Federal para nuestro programa de reaseguro, el cual reducirá directamente las primas de atención médica para cientos de miles de familias de Colorado. Reducir el alto costo de la atención médica en nuestro estado ha sido una prioridad para mi administración desde el inicio, y este es un paso importante en nuestro camino hacia el logro de este objetivo. Ya estamos viendo el impacto directo que este programa tendrá en las primas en el mercado individual. Son miles de dólares en ahorros que los residentes de Colorado pueden destinar para pagar su hipoteca, ahorrar para la universidad o la jubilación, tomarse unas vacaciones familiares o simplemente vivir sus vidas.”


www.colorado.gov/governor

By Brian Allmer - The BARN

Brian Allmer & the BARN are members of the National Association of Farm Broadcasting (NAFB), the Colorado FFA Foundation, the Colorado 4H Foundation, the Colorado Farm Show Marketing Committee, 1867 Club Board Member, Denver Ag & Livestock Club Member, the Weld County Fair Board, the Briggsdale FFA Advisory Council, Briggsdale 4H Club Beef Leader & Founder / Coordinator of the Briggsdale Classic Open Jackpot Show.