Colorado Health Benefit Exchange Board Sets 1.4 Percent Fee For Policies

The Kaiser Health News  (3/14, Whitney) “Capsules” blog reports that Colorado’s insurance exchange board, set up under the Affordable Care Act, voted on its fees Monday, adding a 1.4 percent tax to policies in the state to “help fund exchange operations.” Board Chairwoman Gretchen Hammer characterized the fee “as lean compared with the 3.5 percent fee the federal government is expected to tack on to policies sold in states that are not setting up their own exchanges.” Colorado’s exchange board “estimates it will need $22 million to $24 million annually to function,” and is “pitching the fee as one several ‘balanced revenue sources’ to meet those expenses.”

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