The Colorado Division of Insurance is pleased to share this report on the impacts of Colorado's reinsurance program on low-income consumers who are eligible for federal assistance to purchase health insurance. The Division contracted with the Colorado Health Institute (CHI) and actuarial consulting firm Lewis & Ellis to complete the study. CHI produced the final report, and the Lewis & Ellis report: State of Colorado subsidized population study individual health insurance market, 2019-2020 containing actuarial findings is included as an appendix.