At Black Health Compass, we know that affordable health insurance is not just a convenience – it’s a necessity for our community’s well-being. Many of you have shared your struggles with navigating complex plans and managing out-of-pocket costs. That’s why recent news from Governor Jared Polis regarding potential health insurance premium increases is particularly important for every Black Coloradan.
Governor Polis is actively urging Congress to take action to prevent a significant hike in health insurance premiums that could impact thousands of working families across our state. Without congressional intervention, we could see premiums rise by 28% or more starting January 1, 2025.
What’s at Stake for Colorado Families?
A jump of nearly 30% in health insurance costs would place an immense burden on household budgets already stretched thin. For many, such an increase could mean being forced to choose between essential health coverage and other basic necessities. This directly threatens the progress we’ve made in expanding access to care.
Governor Polis emphasized that extending existing tax credits is the key to limiting these increases to a much more manageable 2% to 5%, which aligns with historical premium adjustments. This is about ensuring that health coverage remains within reach for those who need it most.
Impact on Medicaid and Undocumented Communities
The Governor’s concerns extend beyond the general marketplace. He also highlighted:
- Medicaid Coverage: Hundreds of thousands of Coloradans could lose their Medicaid coverage due to new work requirements, further exacerbating the challenge of access for vulnerable populations.
- OmniSalud Program: While Colorado’s OmniSalud program, which provides coverage to individuals without immigration status, will continue, its users would also face these potential premium increases without federal action on tax credits.
These potential changes underscore the interconnectedness of policy decisions and everyday health realities. They highlight how crucial it is for our community to stay informed about legislative actions that directly affect our ability to access and afford healthcare.
Why This Matters to Black Health Compass
This issue goes to the heart of our mission at Black Health Compass:
- Affordability: We constantly hear about the financial strain of healthcare. Preventing these hikes is vital for ensuring our community can maintain consistent coverage.
- Access: When costs rise, access diminishes. We advocate for policies that remove barriers, not create new ones.
- Advocacy: Governor Polis’s plea is a powerful example of advocacy in action. It reminds us that our collective voice and engagement with policy can drive meaningful change.
We encourage you to stay informed about these developments. Black Health Compass will continue to monitor this situation and provide updates on how these policies might affect your health insurance options.
