Colorado’s highly praised reinsurance program — credited with drastically decreasing medical coverage costs one year from now for individuals who buy inclusion all alone — could cost as much as $50 million more than the state assessed if early projections from safety net providers demonstrate right.
That is conceivably a major actuarial miss for one of the mark authoritative achievements passed for the current year by Democrats and Gov. Jared Polis. The safety net providers’ count is about 20% more than the state’s gauge for the program’s expense.
However, state coffers wouldn’t need to compensate for any shortfall in the event that it works out. Rather, the weight would fall on insurance agencies, bringing up an early issue about how strong the value drops from reinsurance will be.
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