AURORA, Colo. (CBS4)– Many Coloradans are feeling sticker shock as they receive notices of what their health insurance will cost next year. A new law that took effect earlier this year did result in rates dropping for everyone who buys their insurance on the exchange. But tax credits – that help offset insurance for lower income Coloradans – dropped even more.
That’s resulted in a net increase in costs for tens of thousands of people who make the least amount of money, like Carol Downs of Aurora. When she got a note in the mail showing an increase of almost 35%, nearly $80 a month, in her health insurance costs next year – she panicked.
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