COVID may slow premium increases in 2021

In June, the Colorado Health Institute estimated 563,000 Coloradans would join Medicaid this year, with the majority coming from those who lost their jobs due to the ongoing COVID-19 pandemic. With those losses came a large drop in the number of people within the risk pools that comprise the group insurance market. But while the pandemic remains a heavy net negative for businesses, it does offer one silver lining: Health insurance premium hikes are likely to be small come renewal time.