A group of Colorado lawmakers are working to lower health insurance premiums for residents on the individual market created in the wake of the Affordable Care Act. Rates are predicted to rise 34 percent on average next year. There are concerns that healthy people will opt out of coverage and that could cause rates to rise even higher as the insurance risk pool thins out.
Bob Collins, a small business owner and the father of three in Thornton, said the rise will cost him $18,000 to cover his family next year. That’s a significant increase to what he pays now.