Colorado Gave Hospitals $6.4 Billion. So Why Did Private Insurance Rates Still Increase?

Governing: Eight years ago, Colorado created a program to give hospitals more money to cover uncompensated costs on the promise it would lower insurance rates for all.

The state’s hospitals received $6.4 billion since then to cover charity care and unpaid bills from indigent patients — all money intended to reduce the cost-shift to people with private insurance.

But private payers — which make up the majority of Colorado — never saw the benefits trickle down.

Read article