Colorado gave hospitals $6.4 billion. So why did private insurance rates still increase? | SummitDaily.com

Colorado gave hospitals $6.4 billion. So why did private insurance rates still increase?

Colorado lawmakers overlook pitfalls of hospital provider fee program as they race to save it

John Frank / The Denver Post

Eight years ago, Colorado created a program to give hospitals more money to cover uncompensated costs on the promise it would lower insurance rates for all.

The state's hospitals received $6.4 billion since then to cover charity care and unpaid bills from indigent patients — all money intended to reduce the cost-shift to people with private insurance.

But private payers — which make up the majority of Colorado — never saw the benefits trickle down.

The latest state figures show patients with private insurance paid $1.58 for every $1 of medical care at hospitals in 2015, an increase from the $1.55 rate before the program took effect.

Read the full story on The Denver Post website.