January 1, 1998

HMO rate increases expected to offset costs

Several Colorado health-care plans are trying to recoup their losses from the first half of this year by increasing premiums in 1998 and taking other steps to offset rising prescription drug costs and medical care.

Neil Westergaard, spokesman for HMO Colorado, the managed-care plan operated by

Blue Cross Blue Shield, said the company hasn’t reported its nine months financials yet, but there

have been no significant changes since it lost $4.5 million in the first six months of 1997,

“The underlying factors that caused…

Christopher Wood
Christopher Wood is editor and publisher of BizWest, a regional business journal covering Boulder, Broomfield, Larimer and Weld counties. Wood co-founded the Northern Colorado Business Report in 1995 and served as publisher of the Boulder County Business Report until the two publications were merged to form BizWest in 2014. From 1990 to 1995, Wood served as reporter and managing editor of the Denver Business Journal. He is a Marine Corps veteran and a graduate of the University of Colorado Boulder. He has won numerous awards from the Colorado Press Association, Society of Professional Journalists and the Alliance of Area Business Publishers.
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