I’m proud to share that this week we were recognized as being one of the most competitive state marketplaces, according to data released in national reports. The study, published by the Robert Wood Johnson Foundation and the Urban Institute, notes that Marketplaces with greater populations and more competition among health insurance companies generally continue to succeed.
We dove into the numbers and concluded that 68 percent of Coloradans live in counties with four or more companies offering plans, while 11 percent of Coloradans live in counties with only one or two health insurance companies offering plans. Read more in our press release.
Too many areas of the state still only have one or two choices and would benefit from more competition. We recognize this and we are committed to working toward our strategic goal of advocating to improve access to coverage in rural areas of Colorado as well as our mission to increase choice for Coloradans who buy their own health insurance.
You may be interested to know that we can add another state to the list of state-based exchanges. New Jersey is moving forward to create its own Marketplace.