X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.
Health insurance form The original House bill, which called for creating a state-run public option if insurance companies didn’t voluntarily lower premiums, was amended after resistance from providers and hospitals.

The Colorado state Senate on Wednesday passed a bill requiring insurance carriers to gradually lower premiums by 18% by 2025. It also calls on the state’s commissioner of insurance to develop a standardized health insurance plan that private carriers would have to offer on the individual and small-group markets.

That plan, like Medicare and Medicaid, would set limits on what it would pay providers for medical treatment, setting it at 135% of Medicare rates to providers and 155% of what Medicare pays hospitals, according to “The Daily Sentinel” in Grand Junction, Colo.

Complete your profile to continue reading and get FREE access to BenefitsPRO.com, part of your ALM digital membership.

Your access to unlimited BenefitsPRO.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical BenefitsPRO.com information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com

Already have an account?

BenefitsPRO

Join BenefitsPRO

Don’t miss crucial news and insights you need to navigate the shifting employee benefits industry. Join BenefitsPRO.com now!

  • Unlimited access to BenefitsPRO.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
  • Exclusive discounts on BenefitsPRO.com and ALM events.

Already have an account? Sign In Now
Join BenefitsPRO

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.