Colorado's Division of Insurance is bracing for problems that will likely come up as 500,000 of the state's approximately 800,000 uninsured residents enroll in health plans through the new exchange, according to a Kaiser Health News report.
Marguerite Salazar — the state's new insurance commissioner — is prepared to help both insurance companies and the newly insured with the transition, according to the report. About 200,000 people are expected to enroll in health plans through the state's new online exchange, Connect for Health Colorado, in its first year.
As one of 17 states that has opted to run its own exchange under the Patient Protection and Affordable Care Act, Colorado has received federal funding to support its outreach campaign to encourage the uninsured to buy coverage through the new marketplace, according to the report.
Earlier this month, Colorado released the health insurance rates for its new exchange, with monthly medical coverage premiums ranging from $135.57 on the low end to more than $1,000. Connect for Health Colorado will open for enrollment Oct. 1.
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