Colorado unveils new health insurance plan
July 6, 2010
DENVER, Colorado – A new health insurance plan to cover people with pre-existing conditions is now available in Colorado.
The plan began accepting customers Tuesday. Gov. Bill Ritter says providing insurance for people who’ve suffered from diseases could reduce the cost of health care.
The plan is a result of health care reform passed by Congress this year and will be phased out in 2014 when the core parts of that legislation takes effect.
Colorado is one of 29 states that will administer their own plans. The federal government will run the program in the remaining 21 states.
A federal Web site set up to help people find insurance estimates that the monthly premium for someone between 26 and 64 in Colorado would range from $120 to $551 a month with a deductible of $2,500.