06.06.16

Gardner Statement on Massive Plan Cancellations, Premium Increases in Colorado

Colorado Division of Insurance Confirms More Than 90,000 People will Lose Plans in 2017

Washington, DC Senator Cory Gardner (R-CO) today released the below statement after the Colorado Division of Insurance confirmed four insurance companies will reduce the number of individual health care plans or stop offering them entirely next year, and several companies will significantly raise their premiums for 2017. 

 

“Coloradans across the state are once again being forced to confront the ugly reality of President Obama’s disastrous Affordable Care Act. The Colorado Division of Insurance announced today Coloradans may potentially see premium increases as high as 40.6% on the individual market, while 92,000 more must find a new plan, as their current ones are being canceled. The impact of Obamacare will force approximately 20% of Coloradans that purchase insurance on the individual market to find a new plan,” said Gardner.

 

In May, Coloradans learned that UnitedHealthcare and Humana will not offer individual plans in 2017, impacting approximately 20,000 Coloradans. Now, according to the Division of Insurance, approximately 92,000 people with individual plans from UnitedHealthcare, Humana, Rocky Mountain Health Plans (RMHP), and Anthem will be forced to find new plans for 2017. The Division of Insurance also confirmed that premiums may increase by as much as 40 percent.  

 

Gardner added, “When the President rammed his partisan healthcare law through Congress, he repeatedly promised the American people ‘if you like your plan, you can keep it.’ President Obama and those that supported this partisan law are now silent as 92,000 Coloradans must find a new insurance plan. The President also promised the average family of four would pay $2,500 less annually by the end of his first term, but has no answers for families in Colorado that will have to deal with these outrageous increases. While the President continues to sell the American people a myth that Obamacare is working, we know this simply is not true. It’s time for the President to admit Obamacare is a disaster for the American people. I will continue to work tirelessly to repeal and replace Obamacare with a patient-centered health care system that actually lowers costs and increases choice.”

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Cory Gardner is a member of the U.S. Senate serving Colorado. He sits on the Energy & Natural Resources Committee, the Foreign Relations Committee, the Commerce, Science, & Transportation Committee, and the Small Business & Entrepreneurship Committee, and is the Chairman of the Subcommittee on East Asia, the Pacific, and International Cybersecurity Policy. 

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