- Title Information
- Title
- Estimating the Individual Market Premium Impacts of the Colorado Option
- Type of Resource (primo)
- technical_reports
- Abstract
- The Affordable Care Act (ACA) has faced several challenges, including the elimination of the
individual mandate, phase-out of reinsurance programs, and insurer exits, all of which
threaten the stability of the individual health insurance market. To address these issues,
states like Colorado have introduced public option plans to lower premiums. This brief
examines the impact of the "Colorado Option" on premiums for the lowest- and
second-lowest-cost silver plans. We used 2020-2024 data from the Centers for Medicare
and Medicaid Services Health Insurance Exchange Public Use Files and a
difference-in-differences approach to compare premium trends in Colorado with
comparison states. We found that the Colorado Option was associated with a
statistically-significant $101 reduction in monthly premiums per enrollee for these plans.
While promising, future research should explore regional variations and broader market
dynamics, including insurer behavior and enrollment patterns.
- Name
- Name Part
- Roslyn Murray
- Role
- Role Term (marcrelator)
(authorityURI="http://id.loc.gov/vocabulary/relators", valueURI="http://id.loc.gov/vocabulary/relators/aut")
- Author
- Name
- Name Part
- Christopher Whaley
- Role
- Role Term (marcrelator)
(authorityURI="http://id.loc.gov/vocabulary/relators", valueURI="http://id.loc.gov/vocabulary/relators/aut")
- Author
- Origin Information
- Date Created
- 2025
- Subject (Local)
- Topic
- Premiums
- Subject (Local)
- Topic
- Colorado
- Genre
- Policy Brief
- Access Condition:
use and reproduction
- All rights reserved
- Access Condition:
rights statement
(href="http://rightsstatements.org/vocab/InC/1.0/")
- In Copyright
- Access Condition:
restriction on access
- All Rights Reserved
- Identifier:
DOI
- 10.26300/87w6-9e42