This report presents an in-depth analysis of the potential impact of Colorado bill HB 21-1232, which aims to ensure that affordable health insurance options are available for Coloradans, particularly those in rural areas and for populations facing barriers to coverage. Milliman was engaged to perform an actuarial analysis of the impact of the requirements under HB 21-1232 on various stakeholders in the Colorado market, with a particular emphasis on insurers, providers, and consumers. We cover at length five key findings, one of which is that the ability of insurers to achieve target premium rate reductions will vary in ways that may influence competition.

This report was prepared for Partnership for America’s Healthcare Future Action, Inc.