Proposed Colorado Cares to be Voted on in 2016

Even though the Affordable Care Act has been passed and upheld by the courts, certain taxpayers are suggesting more reforms to the health insurance system. In Colorado, there is currently a group proposing an alternative that would create an independent Colorado health care financing system. The drafters of the new health payment system intend for it to provide payment for health services for residents. The new health payment system would be funded by an additional 10% payroll tax on Colorado residents.  An opinion piece in the Denver Post outlines this plan.  The Colorado Cares website also has additional information about the initiative and the proposed bill.

Colorado’s Unique Approach to Funding State Health Insurance

Colorado is one of 17 states, including the District of Columbia, that has a state exchange marketplace. In lieu of using the federal exchange, these states have been funding and operating their own. Recently, Colorado has levied a new fee in order to help fund this state exchange. However, this fee would apply to all policies, not just those purchased on the exchange. An article from Health Insurance Exchange (HIX) discusses the CO Marketplace.