Friday Health Plans will become the fourth health insurance company to withdraw from the Colorado market in the past year, according to a Thursday announcement from the Colorado Division of Insurance. Friday’s departure is added to Humana, which involved around 155,000 subscribers; Bright Health, which covered approximately 30,000 members; and, Oscar Health, which covered 3,800 members. All three companies announced in 2022 that they, too, would be leaving the Colorado market. Three of the plans operated in the small group and individual markets. Humana operated only in the small business…
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Kaiser Permanente pledges up to $10 million to Denver Health and challenges others to help vital Colorado safety net hospital
The funding comes as provided by Denver Health $120 million in uncompensated care in 2022, a doubling since 2020 DENVER, May 30, 2023 /PRNewswire/ — For more than 160 years, Denver Health has played a pivotal role as of Denver safety net central hospital, which provides care regardless of the patient’s ability to pay. But recently, the healthcare system has faced unprecedented financial challenges, largely due to the dramatic increase in uninsured patients, uncompensated care, and higher costs. Today, Kaiser Permanente and Denver Health jointly announced a new $10 million…
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