Anthem’s HMO Colorado clarified Thursday that it doesn’t plan to pull large numbers of plans from the individual health insurance market, but said the state’s tardiness in approving rates forced the insurer to notify regulators it could.
On Aug. 20, the Colorado Division of Insurance announced 96,000 people might need to find new insurance plans . Anthem had notified the state it could drop 62 plans covering about 70,000 people, or roughly two-thirds of its individual market customers, and Rocky Mountain HMO said it could end 20 plans covering about 26,000 people, the division said.
About 296,000 people in Colorado enrolled in marketplace plans this year. Analysts expect enrollment to be lower next year , when higher subsidies put in place during the pandemic end.
On its website,