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Health Insurance Costs

By: AP
By: AP

The price of health insurance in Colorado has jumped an average of 18 percent, and a survey finds employers blame hospital costs.

Benefit Management and Design conducted a survey of 222 Front Range businesses.

The study found nearly a quarter of employers ha health-insurance premium increases of 75 percent to 100 percent in 2003.

Colorado's 18 percent average increase is higher than the national average of 13-point-nine to 14-point-seven percent.

The survey also found more Colorado businesses are passing on price increases to employees than companies in other states.

About 90 percent of Colorado employers passed price increases on to workers in the form of higher monthly premiums this year, compared with 63 percent of companies nationwide.


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