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Colorado lawmakers say new insurance fees lower costs: Critics say families pay the bill
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Colorado Accountability Project, Approved, Commentary, State

Colorado lawmakers say new insurance fees lower costs: Critics say families pay the bill

By Cory Gaines | Commentary, Colorado Accountability Project Rising homeowners insurance rates have been a hot topic at the capitol this legislative session. I wrote about a couple bills to do so in late April. That newsletter is linked first below. It wasn’t too long after writing about this laser focus on homeowners insurance affordability by our legislature that I finally had a free minute to comparison shop on mine. The picture heading this post is from one of the quotes I got. While the legislators talk a great game about affordability, right there on the quote are two brand spanking new fees they imposed. Let’s look at what they are. The first is a $5.75 (yearly) fee assessed on my insurance: a Colorado FAIR Plan Recoupment Fee. This program — FAIR standin...
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Proposed insurance fee hikes spark fears of worsening affordability crisis
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The Sum & Substance, Approved, State

Proposed insurance fee hikes spark fears of worsening affordability crisis

By Ed Sealover | The Sum & Substance In an effort to try and stop a massive exodus of individuals from the private insurance market, Colorado legislators are looking again at raising fees on all health-insurance policies in order to subsidize the premiums of state residents who face the highest costs. Rep. Kyle Brown, D-Louisville, said Friday that he is considering bringing a bill during the upcoming special session that would allow the Health Insurance Affordability Enterprise to raise fees on all plans sold in the state by as much as 0.75%. The bill also would seek to impose a new $3 per-member-per-month fee on all stop-loss insurance policies that are purchased by self-insured employers to guard against catastrophic claims. The two fees could together raise about $100 mil...
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