Insurers’ Exit From Colorado Exchange Affects More Than 20,000

· May 17, 2016, 2:19 pm

More than 20,000 Colorado residents will need to find new health insurance plans after UnitedHealthcare and Humana left the state's exchange. 

Earlier this year, both companies cited heavy losses from joining Connect For Health Colorado and other states' exchanges, which were established under the Affordable Care Act. 

About 420,000 people bought individual plan insurance last year, both on and off the exchange, according to Colorado’s Division of Insurance.

The agency says the loss of Humana nad United Healthcare will impact less than 5 percent of the individual market and less than half a percent of the state’s residents.

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