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Health insurance rates could go up 27 percent in Colorado next y - KOAA.com | Continuous News | Colorado Springs and Pueblo

Health insurance rates could go up 27 percent in Colorado next year

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DENVER (AP) - Coloradans shopping for health insurance on the private market could see eye-popping rate hikes averaging 27 percent next year.

It's a hike that insurance officials blame on federal uncertainty about what is going to happen to president Obama's health care law.

The 2018 rates were reported Friday by The Denver Post.

Colorado's Insurance Commissioner Marguerite Salazar says health insurers are asking to be able to charge customers in the individual market nearly 27 percent more on average in premiums next year.

The Division of Insurance must still review and approve the requests.

The price increases would impact a relatively small percentage of Coloradans. No more than 8 percent of people in the state shop for health insurance plans on their own.

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Information from: The Denver Post, http://www.denverpost.com

(Copyright 2017 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

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