New study finds that Peak Health Alliance, founded in Summit County, reduced healthcare premiums by up to 17%
The research conducted at Johns Hopkins University will be published in the national Journal of Risk and Insurance
Courtesy of Peak Health Alliance
An academic article that will be published in the national Journal of Risk and Insurance in June confirms that a Colorado health alliance has helped make healthcare more affordable, according to a news release from the Colorado Peak Health Alliance.
The research was led by Mark Meiselbach, an assistant professor of Health Policy and Management at Johns Hopkins University. The study found that the Peak Health Alliance’s purchasing model reduced health insurance premiums by 13% to 17% for enrollees participating Colorado counties between 2017 and 2021, the release states.
The Peak Health Alliance is a mission-driven nonprofit dedicated to lowering healthcare costs for residents in the Colorado counties it serves. It was founded in 2019 in Summit County to address what were some of the highest healthcare premiums in the nation, according to the news release.
The nonprofit brings communities together to negotiate better rates with health providers, partnering with insurance carriers to offer affordable, high-quality plans tailored to local needs, rather than acting as an insurer or broker, the release states.
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