CLICS/CLICS2021A/commsumm.nsf
PUBLIC
BILL SUMMARY For PRESENTATION BY CONNECT FOR HEALTH COLORADO
JOINT COMMITTEE COMMITTEE ON COLORADO HEALTH INSURANCE EXCHANGE OVERSIGHT COMMITTEE
Date May 13, 2021
Location SCR 352
Presentation by Connect For Health Colorado - Committee Discussion Only
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08:23:51 AM |
Kevin Patterson,
Chief Executive Officer, Connect for Health Colorado, presented to the
committee. Mr. Patterson's presentation slides may be found on the committee
website at http://leg.colorado.gov/content/jhce2021acommsched.
He discussed the health exchange's mission, strategic plan, and the number
of customers who purchase insurance on the exchange and receive the Advance
Premium Tax Credit.
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08:30:52 AM |
Mr. Patterson continued
to discuss the number of individuals enrolled during the most recent open
enrollment period, federal funding, and how the pandemic impacted health
exchange customers' tax liability.
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08:36:48 AM |
Mr. Patterson continued
his presentation. He discussed the number of individuals who are eligible
for health insurance, but who are not enrolled in a plan. He discussed
the health exchange's efforts to enroll these individuals in a health
insurance plan. He discussed the cost of coverage for individuals purchasing
insurance through the exchange. He told the committee that on average,
individuals who qualified for financial help in 2021 are paying a premium
of $152 per month .
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08:41:07 AM |
Brian
Braun, Chief Financial Officer, presented on the health exchange's Fiscal
Year 2022 budget. Mr. Braun told the committee that the baseline
budget shows a continued higher level of total expenditures for FY 22 due
to the increased level of technology development work. He explianed that
through the improvements gained by the technology modernization effort
and reduced software development activity, expenditures are forecasted
to drop to a sustainable level in FY 23. Mr. Braun's slides may be
viewed on the committe webpage at https://leg.colorado.gov/content/jhce2021acommsched.
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