On January 22, 2014, Senate Republicans sent a letter to Colorado Division of Insurance (DOI) Commissioner Marguerite Salazar requesting more information about insurance policy cancellations in Colorado caused by ObamaCare.
Specifically, Senate Republicans asked DOI to provide:
• An updated number of how many individual policies have been cancelled due to Obamacare and how many employer-provided plans have been cancelled due to Obamacare.
• A geographic breakdown of policy cancellations by county to better illustrate which parts of the state have been impacted the most by cancellations.
• The price difference between old policies and the proposed replacement policies in the case of cancellation notices that included an offer to renew at a higher price, including both differences in premiums and in deductibles.
• Updated data - detailed by county - on the total number of individual policy cancellations caused by Obamacare and the number of employer-provided plan cancellations caused by Obamacare on a monthly basis.
This past Friday, February 21, DOI responded with a letter partially answering the questions posed by Senate Republicans.
“It’s important that Coloradans know how disastrous ObamaCare has been for their local community,” said Senate Minority Leader Bill Cadman (R-Colorado Springs). “Although the information provided by DOI only accounts for 16% of the over 335,000 policies cancelled in Colorado due to ObamaCare, we see that at least 23,000 plans have been cancelled in the Denver area alone. I appreciate DOI’s response to our request and thank them for promising to provide a monthly report on insurance policy cancellations in Colorado due to ObamaCare. Our constituents expect to know how policies affect their local communities and this information will help keep government accountable in the upcoming months.”
Key Facts in Division of Insurance Letter:
335,486 Coloradans have been affected by cancellation notices for plans cancelled effective December 31, 2013, as follows:
• 183,473 covered lives under individual policies; and
• 152,013 covered lives under small group employer-provided plans.
DOI will provide Senate Republicans with a monthly report on the number of individual and employer plans cancelled in Colorado due to ObamaCare.
• The Division will request carriers to supply the cancellation information by county for individual and employer plans. They will provide Senate Republicans with a monthly spreadsheet of the cancellation notifications received by the Division by county.
DOI provided a small snapshot of how cancellations have broken down in each geographic area across Colorado. Denver, Boulder, Colorado Springs, and Fort Collins top the list of most affected areas. The information provided by DOI only accounts for 54,697 (16%) of the total 335,486 policies cancelled in Colorado due to ObamaCare.
• For one of the largest carriers of small group policies (which comprised 36 percent of the small group cancellations), cancellation information is displayed below: