Continued erosion of coverage by private insurers

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Unformatted text preview: Erosion of Coverage by Private Insurers According to the Colorado Department of Labor and Employment, 8.3% of Coloradans were without work as of August 2011, compared to 8.7% at the same time in 2010. Not reflected in this percentage are those who are not considered part of the labor force because they may have become discouraged and ceased looking for employment. The loss of jobs is associated with the loss of employersponsored health insurance (ESI) as the number of Coloradans (and their dependents) covered by ESI dropped from 57.3% in 2009 to 55.4% in 2010. In addition to workers who lost their jobs (and thus lost their coverage) are those whose firms 600,000 500,000 may have decided to drop coverage for employees because of increasing healthcare costs. Based on data from the U.S. Department of Health and Human Services, between 2008 and 2010, the percentage of working Coloradans covered by ESI fell 1.8% points, a statistically significant decrease that mirrors the national trend. Many employe...
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This note was uploaded on 02/11/2013 for the course MGMT 231 taught by Professor Yu during the Spring '13 term at Bauder.

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