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Report Shows Greater Percentage of Health Insurance Premiums Going to Healthcare Costs

DORA

A new report on health insurance costs shows that in calendar year 2010, 81% of the health insurance premiums collected by Colorado carriers went directly to the cost of providing healthcare services, up from just under 77% in 2009.

DORAThe annual Health Insurance Cost Report, produced by the Colorado Division of Insurance, also looked at the factors that drive the cost of health care, the financial status of health carriers, and increases in health insurance premiums.

“This report shows that in 2010, health insurance premiums continued to grow at a pace faster than inflation or wages,” said Commissioner of Insurance Jim Riesberg. “However, the report also shows that the burden of higher premiums did not fall as heavily on employees as it has in years past.”

Click here to download or read the report.

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