Health insurance rates for middle-income Coloradans who buy their own coverage are set to double in 2026, according to the state's insurance division.
The statewide net average premium increase will hit 101%, the Colorado Division of Insurance said, adding that this will likely mean 75,000 Coloradans won't be able to afford health insurance next year.
The increase is primarily due to the expiration of enhanced premium tax credits under the Affordable Care Act, available to those who buy their own health insurance through Connect for Health Colorado.
These enhanced tax credits will expire on December 31.
The statewide net average premium increase will hit 101%
Author's summary: Colorado health insurance premiums to double.