B forecast source colorado joint budget committee fy

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Unformatted text preview: Source: Colorado Joint Budget Committee FY 2011-12 Appropriations Report. • Subsidies to help individuals and families with incomes between 134% and 400% of FPL purchase insurance on the state health insurance exchange. These subsidies will limit family expenditures for health insurance premiums to between 2% and 9.5% of taxable income. Based on federal and state policy changes, the Colorado Health Institute (CHI) predicts around 540,000 of the nearly 800,000 uninsured Coloradans will be insured once state and federal policy changes are fully implemented. Approximately 214,000 of the newly insured Coloradans will enroll in public programs, while 328,000 newly insured are likely to gain access in the private market. Regardless of whether they have public or private insurance, individuals who are insured use more healthcare services than those who are uninsured. Furthermore, due to pent-up demand, utilization by newly insured individuals is typically relatively high at first then levels off. 2012 Colorad...
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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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