Colorado officials are expected to announce on Wednesday that the state’s reinsurance program — responsible for what is projected to be a dramatic decline in health insurance prices for some people in 2020 — has received federal approval and, thus, will go into effect.
This is not a small deal.
“It’s the biggest tangible step we’ve seen in reducing costs in the private market,” said Joe Hanel, a spokesman for the nonpartisan Colorado Health Institute.
But it is also not exactly a final deal.
That’s because the Trump Administration — the same one that is expected to sign off on the program — is also backing a lawsuit to strike down the entire Affordable Care Act, the health law that makes a lot of the funding for the reinsurance program possible. Confusing? Yes.
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