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Increase would have been much higher without Colorado Democrats special session legislation which preserved coverage for nearly 30,000 Coloradans
DENVER, CO – Representative Amy Paschal today released the following statement after the Division of Insurance announced that 2026 health care premium rates will increase by 101-percent due to Congress’s failure to continue the enhanced premium tax credits.
“Despite having months to act, Republicans in Congress have failed to continue the enhanced premium tax credits, adding thousands of dollars to Coloradans’ health insurance costs next year,” said Rep. Amy Paschal, D-Colorado Springs. “Earlier this year, I helped pass a law that will alleviate some of the rate increases and keep tens of thousands of Coloradans insured, but the reality is that premiums are still expected to double, and 75,000 will lose coverage without these tax credits. While we were able to reduce costs for families by over 16.5 percent, Congress must take action to prevent these still unfathomable price hikes for Coloradans in El Paso County and across the state.”
Statewide health care rates for individuals who purchase their own insurance are expected to increase by 101-percent due to Congressional Republicans’ failure to extend the tax credits. Open enrollment begins this Saturday, and Coloradans who want coverage in 2026 must choose their plan before December 15.
Democrats have repeatedly urged Congress to extend the tax credits, which help make health care more affordable for around 225,000 Coloradans. In August, Rep. Paschal signed onto a letter to Colorado’s congressional delegation urging them to extend the enhanced premium tax credits that were intentionally omitted from the GOP’s H.R. 1.
The expiration of these tax credits on December 31 will lead to fewer people having health insurance and higher health insurance costs for everyone, including small businesses and Coloradans with employer-sponsored health insurance. If Congress extended the enhanced premium tax credits, the average premium increase would be 16-percent, instead of 101-percent, and some Coloradans would see no increase.
Colorado Democrats have significantly lowered health care costs with the state’s reinsurance program, which has saved consumers over $2 billion, and Colorado Option health care plan, which offered the lowest or second lowest cost plan in El Paso County. A recent study by Brown University found that the Colorado Option reduced monthly premiums by $101, even for non-Colorado Option plans. In El Paso County, a family of four saved nearly $4,000 by choosing the Colorado Option plan in 2025.
Earlier this year, the Colorado General Assembly returned to the Capitol to combat some of the harm caused by Trump’s Megabill and Congress’s failure to extend the ePTCs. Colorado Democrats passed a law that will invest in Colorado’s reinsurance program and blunt some of the most severe cost increases from the expiring tax credits. This law reduces the statewide average premium increase from 174-percent to 101-percent, saving Coloradans $220 million on health care next year and preventing 28,000 Coloradans from being kicked off their health coverage. The law also stabilizes Colorado’s reinsurance program, resulting in over 16.5-percent in premium savings in the Colorado Springs metro area. In El Paso and Teller counties, the average 40-year-old individual saved over $5,100 from the Reinsurance Program in 2025, and a family of four saved over $19,000 from 2020 through 2025 due to the Reinsurance Program.