Colorado's jump in health care premiums is second-highest in U.S.

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Private health insurance premiums rose higher in Colorado this year than every state except one, a recent report shows.

The average monthly cost between 2022 and 2023 in Colorado for a 40-year-old with a mid-range silver plan soared 19.6% — from $409 to $489 — according to consumer research company ValuePenguin.Nationwide, the jump is about 4% at an average cost of $560 a month.

When you factor in all age groups and coverage types, the average rate hike in Colorado isThe uptick comes as the state begins ramping up its regulation of the market and offering a state insurance plan, called "Some states have it much worse when it comes to dollars and cents. Wyoming, for example, will see the highest cost — with the same mid-level plan increasing 15% to $882 a month.

 

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