The business group of one segment accounts for 27 of

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Unformatted text preview: ness Group of One segment accounts for 27% of the small group market. The number of BG-1s continues to decline, falling 15% in 2010 (9,131) from 2009 (10,693), and has plunged from more than 28,000 in 2000. Colorado small group premiums in 2010 were on average $5,148 for single coverage and $13,524 for family coverage, compared to the U.S. average of $5,112 for single coverage and $13,404 for family coverage. According to American Health Insurance Plans (AHIP) 2010 survey, Colorado small businesses paid among the highest premiums in the nation. According to Kaiser Family Foundation study, 35% of covered workers in small firms have employers that pay the full premium for single coverage, while for family coverage, the worker may expect to significantly contribute to the premium cost. This often leads to employees unable to afford health insurance for family members. Family members may need to purchase individual health plans, obtain coverage on a spouse’s plan, or be left uninsured. It is...
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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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