Colorado Insurance Rates Could See Double-Digit Increase

As Republicans prepare to once again try and repeal and replace Obamacare, all the uncertainty over what's next could hurt Coloradans financially. Or worse, according to State Insurance Commissioner Marguerite Salazar who has written a letter to the state's Congressional delegation warning of consequences.

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"Uncertainty about the regulatory environment may cause carriers to raise premiums." Salazar wrote.

"At the worst, carriers could decide to forgo the increased risk and simply exit the individual market in Colorado, leaving consumers with fewer choices in carriers and plans."

Salazar says that uncertainty around the market is "msking everyone nervous and ultimately, this uncertainty is going to hurt Coloradans."

She states that about 400,000 residents buy their health insurance through the individual market. She wants the members of the delegation - who could once again be asked to vote on a proposal as early as next week - to avoid "significant changes for 2018 that would destabilize the individual market."

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