DENVER (AP) Colorado's health insurance exchange has doubled its estimate of how many will drop their policies.
Connect For Health Colorado projected in April that 13 percent of people would drop or not pay for policies this fiscal year. But the Denver Post reports (http://dpo.st/1jbKEVY ) that the exchange now expects about 24 percent to drop their policies.
The newspaper says that the change will result in about $1 million less in revenue this fiscal year.
According to the revised estimates, Connect for Health expects 35,800 of its 152,200 individuals covered with exchange policies this fiscal year to drop coverage.
The drop in revenue will mean a smaller reserve for the exchange.