COLORADO Health Insurance : EasyToInsureME

COLORADO Health Insurance : The Colorado Healthcare Affordability Act was signed into law by Governor Ritter last week. The legislation will result in a provider fee totaling $600 million to be levied annually on Colorado hospitals. The funds would then be matched by the federal government in the form of grants. By expanding eligibility for Medicaid from 60 percent of the federal poverty level to 100 percent and expanding the state's SCHIP program from 205 percent to 250 percent of FPL, the new law is expected to reduce the number of uninsured Coloradans by 100,000 or more. The Act also will increase the reimbursement rate paid to hospitals for services on Medicaid patients from the current 55 percent to 100 percent, in an effort to reduce cost shifting to patients with private insurance.