Fierce Health Payers June 17, 2021
Colorado became the latest state to pass a law that creates a new public insurance option to be sold on and off the Affordable Care Act’s (ACA’s) insurance exchanges.
The legislation, signed by Democratic Gov. Jared Polis Wednesday, would create individual and small group health plans starting in 2023. It became the second state after Washington to pass a public insurance option, and several more could come after it.
The standardized plan must offer healthcare coverage on the bronze, silver and gold levels and offer all pediatric and other essential benefits.
Colorado’s insurance commission must also create rules regarding network adequacy for the public option plan.
Each carrier on and off the exchanges starting in 2023 shall offer the standardized...
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