Despite state approval to increase fees tacked onto health plans

...Colorado's state-based exchange isn't expected to generate enough revenue to cover its expenses during fiscal 2016, The Denver Post reported. Fees added to products sold through the exchange in 2016 will increase from 1.4% to 3.5%. Connect for Health Colorado's $53.7 million budget, which was approved June 8, will generate a cash operating deficit of $4.6 million and a total deficit, after IT and other capital investment, of $13.3 million, according to the article. But cash reserves of $28.5 million can cover the shortfall. The exchange estimates that about 170,000 premium-paying Coloradans will be enrolled in an exchange-based plan as of June 30, 2016 — up from 123,000 now.