Rep. Anne McGihon, D-Denver, is proposing that Colorado roll back a law created in 2003 that allows insurers to take the relative health of a group into account when setting health insurance rates. The Denver Business Journal briefly states that the new law “could increase the costs of buying health insurance.”
Hmmmm, but they don’t say how. I even logged in and the entire article is still only 2 sentences long.
Well right now, insurers are able to adjust the rates of small group health insurance down 15% or up 10% based on the health of the group. So in general, the rates will steady out and healthy groups might pay 15% more and unhealthy groups might pay 10% less. I doubt it will have much effect on the standard 1.00 rates given in the future though.
The article could have said “could decrease the costs of buying health insurance” just as easily.
