Washington, D.C. - Colorado U.S. Senator Michael Bennet today issued the following statement in response to the Colorado Division of Insurance's announcement that premiums will increase by an average of 26.7 percent in 2018 on the individual health insurance marketplace.
"Today's announcement is yet another reminder that we need a bipartisan fix to our health care system that will lower costs and add quality choices," Bennet said. "The Trump Administration should immediately provide long-term certainty for Cost Sharing Reduction payments to minimize the damage its threats and month-to-month approach have already caused. As we discussed today in our first bipartisan hearing, we must work together to increase competition, transparency, and affordability to improve our entire health care system."
Nationally, six percent of Americans with health insurance purchase that insurance on the individual market. Bennet is a member of the Health, Education, Labor and Pensions (HELP) Committee, which held its first bipartisan hearing with insurance commissioners earlier today.