HomeLatest ThreadsGreatest ThreadsForums & GroupsMy SubscriptionsMy Posts
DU Home » Latest Threads » Forums & Groups » Places » U.S. » Colorado (Group) » Critics worried Colorado'...

Thu Sep 12, 2019, 01:34 AM

Critics worried Colorado's new law capping insulin costs would raise insurance rates. It hasn't.

When Colorado earlier this year became the first state in the country to cap the price that some people will pay for insulin starting next year, skeptics questioned whether the change would raise insurance prices for everybody else.

The answer, according to regulatory filings from insurance companies, is no.

The Colorado Sun reviewed the documents that 21 health plans submitted to the state Division of Insurance to justify their proposed 2020 rates for the individual and small-group markets. Most plans didn’t mention the insulin caps at all as being a factor in their calculations. When they did, they used words like “negligible” and “de minimus.”

“It is expected that the cost sharing caps will have a de minimus impact on rates,” Kaiser Permanente wrote in the filings for its plans.

Read more: https://coloradosun.com/2019/09/11/colorado-insulin-price-insurance/

1 replies, 129 views

Reply to this thread

Back to top Alert abuse

Always highlight: 10 newest replies | Replies posted after I mark a forum
Replies to this discussion thread
Arrow 1 replies Author Time Post
Reply Critics worried Colorado's new law capping insulin costs would raise insurance rates. It hasn't. (Original post)
TexasTowelie Sep 12 OP
democratisphere Sep 12 #1

Response to TexasTowelie (Original post)

Thu Sep 12, 2019, 02:01 AM

1. The current cost of insulin is one of the biggest consumer ripoffs on Earth.

WhyTF doesn't anyone do something about the criminal pharmaceutical companies?! EVER!

Reply to this post

Back to top Alert abuse Link here Permalink

Reply to this thread