Colorado residents will have to wait for health insurance rates

DENVER - Colorado residents who need health insurance by the end of the year are going to have to wait a little longer to see what so-called "Obamacare" means for them.

State insurance officials said Wednesday that they'll need an extra two weeks to release rates showing how much health plans will cost under the new federal health law. Colorado originally hoped to release the rates Aug. 1.

A spokesman for the state Division of Insurance says Colorado needs more time to vet the 17 insurers that submitted plans in May.

The estimated 14 percent of Coloradans without health insurance won't be able to start shopping for health coverage until Oct. 1, when the state marketplace called the exchange opens. The law requires all to have coverage by January.