The increase in health care premiums in Colorado is the second highest in the US.

Private health insurance premiums it rose more in Colorado this year than in all but one state, a new report shows.

By the numbers: The average monthly cost between 2022 and 2023 in Colorado for a 40-year-old with a midrange silver plan shot up 19.6%, from $409 to $489, according to consumer research firm ValuePenguin.

• Colorado’s premium increases are second only to Georgia, which saw a 20.3% increase.
• Nationwide, the jump is around 4% at an average cost of $560 a month.

Between lines: When all age groups and coverage types are taken into account, the average rate increase in Colorado is closer to 10.4%, according to the state Division of Insurance.

Status of the situation: The uptick comes as the state begins to tighten its regulation of the market and offers a state insurance plan, called the “Colorado Option.”

Reality check: Some states have it much worse when it comes to dollars and cents. Wyoming, for example, will see the highest cost, with the same mid-tier plan increasing 15% to $882 per month.

• Alaska also saw premiums increase 15% to a new total of $822 in 2023.

The panorama: Private health insurance premiums have risen in 36 states this year, but where you live has a big influence on how much you pay, writes Axios’ Tina Reed.