Market Failure Health Care Colorado

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30,000 people will lose health insurance next month as Colorado …

(3 days ago) WEBJ. David Ake, AP Photo A draft copy of the 21 page Department of Health and Human Services form proposed for use to apply for low-cost insurance from Medicaid or the Children’s Health Insurance

https://www.cpr.org/2023/07/18/friday-health-insurance-plans-end-august-whats-next/

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Colorado is taking a gamble with failing insurer Friday Health Plans

(5 days ago) WEBTwo others, Bright Health and Oscar Health, pulled out of the Colorado market late last year amid nationwide struggles. Bright and Oscar are also for-profit. Friday is headquartered in Colorado, with a large base of operations in Alamosa, owing to its 2017 takeover of San Luis Valley-focused nonprofit insurer Colorado Choice Health Plans.

https://coloradosun.com/2023/06/20/friday-health-plans-insurance-insurtech/

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Bright Health pulls out of Colorado insurance market

(Just Now) WEBAnne Ladd, the CEO of the Peak Health Alliance, said she learned of Bright’s decision to leave Colorado at 5 a.m. Tuesday via a company news release. She said the move means that Peak will not be able to offer plans in 2023 because there is not enough time to team up with a new insurer. Ladd said Peak plans to return in 2024.

https://coloradosun.com/2022/10/12/bright-health-peak-health-alliance-insurance/

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Friday Health Plans to pull out of Colorado Health Care

(4 days ago) WEBJun 1, 2023 Updated Feb 14, 2024. 0. stock image. Friday Health Plans will become the fourth health insurance company to pull out of the Colorado market in the past year, according to an announcement Thursday from the Colorado Division of Insurance. Friday's departure is in addition to Humana, which covered about 155,000 members; Bright …

https://www.coloradopolitics.com/health-care/fourth-health-insurance-company-to-leave-colorado/article_d6502d30-008b-11ee-bd6d-375d5debdcf5.html

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Majority of Colorado hospital systems lost money in …

(4 days ago) WEBRevenue from treating patients for all Colorado hospitals combined increased by about $898 million from 2021 to 2022, but care expenses grew by $1.7 billion, according to newly released data from t…

https://www.denverpost.com/2023/03/19/colorado-hospital-system-finances-losses-profit-margins/

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Following the Facts in Colorado’s Healthcare Debate: Recent …

(4 days ago) WEBThis brief summarizes changing trends in Colorado’s American Care Act (ACA) health insurance market to ensure discussions and debate about healthcare policy start from the same baseline. Since 2019, average premiums in the Colorado ACA marketplace have fallen by more than 20%1,

https://commonsenseinstituteco.org/wp-content/uploads/2021/03/CSI_CO-INSURANCE_MARKET_REPORT_FINAL-1.pdf

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Health Care Costs in Colorado Continue to Rise in Spite of …

(8 days ago) WEBA new and enhanced Community Dashboard from the Center for Improving Value in Health Care (CIVHC) provides county and regional information to help communities identify opportunities to improve cost of care, quality, and access and utilization of services. Statewide, results show that in spite of positive decreases in …

https://civhc.org/2021/11/14/health-care-costs-in-colorado-continue-to-rise-in-spite-of-improvements-in-quality-and-utilization-costs-for-prescription-drugs-increased-by-87-from-2013-2019/

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Colorado’s Public Health Care Option Moves Ahead After Hospital

(8 days ago) WEBThe “Colorado option” bill would create a state-run insurance plan and mandate lower costs at hospitals by 2025 unless the private market finds ways to significantly reduce insurance costs first.

https://www.cpr.org/2021/04/08/colorados-public-health-care-option-moves-ahead-after-hospital-negotiations-break-down/

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Hospital Insights Report 2022 - Colorado

(6 days ago) WEB26 Hospital Insights Report, March 2022. Patient service profits by commercial insurance is $3.7 billion, which is $406.7 million more than all shortfalls from public payers and uninsured patients, resulting in a profit of $406.7 million …

https://hcpf.colorado.gov/sites/hcpf/files/HospitalInsightsReport-032822.pdf

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Colorado Cost Shift Analysis Colorado Department of Health Care

(4 days ago) WEBBy 2018, Colorado hospitals' operating expenses were 14.0% higher than the national average. Hospital profits have increased by more than 280% between 2009 and 2018, from $538 to $1,518 per adjusted discharge. Overall, payment-to-cost ratios (calculated as payment divided by cost, for every dollar in cost, how much is received in payment

https://hcpf.colorado.gov/colorado-cost-shift-analysis

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2021 Legislation in Review Colorado Health Institute

(2 days ago) WEBAugust 1, 2021. May 11, 2023. 2021 was a year for bold health policy action in the Colorado legislature. Lawmakers created a new state health insurance option and new departments and boards focused on prescription drug costs, behavioral health, and early childhood. They also oversaw an influx of funds for health and other areas.

https://www.coloradohealthinstitute.org/research/2021-legislation-review

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A Sneak Peek at the 2023 Colorado Health Access Survey

(4 days ago) WEBDecember 12, 2023. December 14, 2023. We started the day with the debut of the 2023 Colorado Health Access Survey, the state’s premier source of information on health coverage, access to health care, and the factors that influence health in our state. The Hot Issues in Health audience was the first to see top-level findings from the survey.

https://www.coloradohealthinstitute.org/research/sneak-peek-2023-colorado-health-access-survey

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Don't double-down on Colorado Option's failure OPINION

(3 days ago) WEBLike any market, Colorado’s health care market needs a competitive environment to help keep prices down for consumers. Far from spurring competitive pressure on the health insurance marketplace, the Colorado Option very well may have been one of the contributing factors that pushed many of the few existing carriers out of …

https://www.coloradopolitics.com/opinion/dont-double-down-on-colorado-options-failure-opinion/article_cfce3290-da5c-11ed-b104-f7825dd40c65.html

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New Analysis: Colorado Option Increasing Consumer Costs, …

(7 days ago) WEBDENVER – As Denver politicians continue to ignore the mounting failures of the Colorado Option, a new analysis released today by NovaRest, an independent actuarial consulting firm with extensive experience supporting state and federal insurance regulators, highlights how this unaffordable, new state government-controlled health insurance …

https://coloradoshealthcarefuture.org/new-analysis-colorado-option/

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Colorado community health centers struggle as patients fall off …

(1 days ago) WEBThe number of people enrolled in individual plans through Colorado’s health insurance marketplace increased by more than 35,000 from 2023 to 2024, but the state doesn’t know how many of them

https://www.denverpost.com/2024/05/05/colorado-community-health-centers-medicaid-unwinding/

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Colorado State Action The Source on Healthcare Price

(7 days ago) WEBIn 2019, Governor Jared Polis signed an executive order that established the Office of Saving People Money on Health Care, with the goal to study, identify and implement policies that will lower health care costs while ensuring access to affordable, quality care for Coloradans. Colorado also became one of the first states to pass a proposal to

https://sourceonhealthcare.org/states/colorado/

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THE FUTURE OF COLORADO HEALTH CARE

(7 days ago) WEBHealth care costs place increasing strain on Colorado households, employers, and governments. Indeed, Colorado has the seventh highest health care costs in the nation.1 In 2008, health insurance premiums in Colorado represented nearly 22 percent of median family income.2 During that same year, the average deductible – the amount …

https://coloradohealth.org/sites/default/files/documents/2017-01/economic_analysis_web_version-The%20Future%20of%20CO%20Health%20Care.pdf

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Single-payer health care failed miserably in Colorado last year

(6 days ago) WEBAccording to the Colorado Secretary of State's office and Ballotpedia, the health insurer Anthem donated $1 million to the anti-ColoradoCare campaign, Kaiser Permanente gave $500,000, UnitedHealth

https://www.vox.com/policy-and-politics/2017/9/14/16296132/colorado-single-payer-ballot-initiative-failure

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Colorado Hospital Value Report - Colorado Consumer Health …

(6 days ago) WEBexpense of primary care and mental health in particular. DENVER, COLORADO // PRICE DISPARITIES PRIVATE HEALTH PLAN PRICES HIGHER & GROWING FASTER THAN MEDICARE. Across the nation, hospitals treating patients with private health insurance were paid overall 2.4 times the Medicare rates in 2017, according to the RAND study. …

https://www.cohealthinitiative.org/wp-content/uploads/files/attachments/CO%20Hospital%20Value%20Report%20Final%207.17.19_0.pdf

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Colorado Hospital Prices Continue to be Among Nation’s Highest

(Just Now) WEBDenver, CO - Today, the Department of Health Care Policy & Financing (HCPF) released the Colorado Hospital Cost, Price and Profit Review that provides summary insights and identifies the urban (non-rural) hospitals that have more work to do to improve cost efficiency and reduce prices to better align with their national peers and to …

https://hcpf.colorado.gov/colorado-hospital-prices

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Letters to the editor: Finding health care that works for Colorado

(5 days ago) WEBFinding health care that works for Colorado. HB 24-1075 Analysis of Universal Health-Care Payment System Act sits now in the House Appropriations Committee, with a fiscal note of just over

https://www.dailycamera.com/2024/04/06/letters-to-the-editor-finding-health-care-that-works-for-colorado/

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Health Care Is a Market Failure - U.S. News & World Report

(2 days ago) WEBHealth Care Is a Market Failure The Senate's health care bill hurts millions while leaving fundamental economic problems unsolved. By David Brodwin Opinion Contributor June 23, 2017, at 10:45 a.m.

https://www.usnews.com/opinion/economic-intelligence/articles/2017-06-23/senate-obamacare-repeal-plan-ignores-market-failure-of-us-health-care

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AAMC study examines the impact of health care consolidation in …

(4 days ago) WEBThe top three large-group insurers control an average of 82.2% of the market share in each state, nearly twice the combined average market share of each state’s largest health systems, according to a study about consolidation in health care released May 1 by the Association of American Medical Colleges. "When the market share of an …

https://www.aha.org/news/headline/2024-05-01-aamc-study-examines-impact-health-care-consolidation-states

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One of the Biggest Hospital Failures in Decades Raises Concerns …

(7 days ago) WEBSteward Health Care says it is working to finalize a loan of as much as $300 million to keep running its hospitals. Photo: John Tlumacki/The Boston Globe via Getty Images

https://www.wsj.com/health/healthcare/one-of-the-biggest-hospital-failures-in-decades-raises-concerns-for-patient-care-e9ac2422

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