By Marianne Goodland | Colorado Politics
With open enrollment for health insurance set to begin in two weeks, Colorado’s Division of Insurance has finalized rates for premiums in the individual and small group markets.
Premium increases in both markets for 2025 are set to rise at more than three times the rate of inflation forecast for next year. Individual premium increases will rise 5.6%, and small businesses, those with 100 or fewer employees, will rise 7.1%.
However, medical inflation rises faster than consumer inflation, according to the Kaiser Family Foundation. In an August report, the foundation said that in June 2024, medical prices grew by 3.3% from the previous year, higher than the 3.0% overall annual inflation rate.