Feds’ failure leaves thousands scrambling for health insurance

By Randy Wyrick

EAGLE COUNTY — More than 7,000 policyholders in the Rocky Mountain resort region will lose their health insurance if a state agency is allowed to force a low-cost co-op out of the state insurance exchange, effectively putting it out of business.The Colorado Division of Insurance dropped Colorado HealthOP from the state insurance exchange because it says the co-op doesn’t have enough cash in reserve. Division of Insurance Commissioner Marguerite Salazar ruled that without those reserves on hand, Colorado HealthOP could no longer sell health insurance.Colorado HealthOP says that’s not true, and filed a lawsuit Monday in Denver District Court to …

Source:: Vail Daily Feed