By Christine Monahan, Justin Giovannelli, and Kevin Lucia
The U.S. Division of Well being and Human Companies (HHS) just lately authorized a new Part 1332 waiver authorizing Colorado’s public option-style legislation. Underneath the state legislation, insurance coverage carriers should supply people and small companies new, lower-cost “Colorado Possibility” plans along with their common plan choices. The waiver approval marks the primary time the federal authorities has taken motion to approve state laws introducing new, extra closely regulated plans into Inexpensive Care Act marketplaces to compete towards conventional plans.
In a brand new put up for the Commonwealth Fund’s To the Level weblog, CHIR’s Christine Monahan, Justin Giovannelli, and Kevin Lucia dive into Colorado’s new legislation. The authors element the state public choice, the importance of the 1332 waiver approval, projected affect on premiums and enrollment, and what this implies for future state motion. You may learn the total put up right here.