The 2010 colorado division of insurances survey of

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Unformatted text preview: o Division of Insurance’s survey of the small group market reports that the number of individuals (covered lives) able to receive health plan coverage by their small group employer has decreased more than 50% since 2000. This decline continues to signal the difficulty small businesses have with the availability of coverage due to costs. The number of covered lives fell 7% from 2009 (287,239 to 267,411). Not surprising, the number of small group employers participating has also declined by 10% from 2009 (37,328) to 2010 (33,734). It is estimated that 40% of small group employers in 2010 had coverage terminated due to nonpayment of premiums. The decrease in covered lives (18,828) in 2010 was less than half of the loss experienced in 2009 (43,759). Firms with 10 or fewer employees make up almost 90% of the insured small group market covering 163,000 lives (approximately 61% of the total). Colorado is atypical in that it allows a “Business Group of One” (BG-1s); most states only allow group policies to be bought by two or more. The Busi...
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