Colorado’s nonprofit health insurance cooperative, Colorado HealthOP, signed up 39 percent of individuals enrolling for health insurance for 2015 through the state exchange.
Connect for Health Colorado reported it enrolled almost 140,000 people in private insurance plans. The nonprofit Colorado HealthOP garnered almost 55,000 of those after significantly lowering its premiums in the second year of the state exchange.
The cooperative’s rates dropped so significantly it lowered federal subsidies available for all plans on the Colorado exchange because tax credits under the Affordable Care Act are tied to the price of the lowest-cost “silver” or middle-tier plans. The final total enrollment for HealthOP, on and off the exchange, has been forecast at 75,000, spokeswoman Tracy Boyle said.
The next-biggest share of 2015 health insurance — 49,500 — bought through the exchange went to Kaiser Permanente.
