Adverse impacts: Public option bill brings higher costs and threats to shut down hospitals

By Tim Brown | Colorado Politics

Colorado Democrats have introduced their long-awaited bill to create the public option, a state-controlled health insurance plan.

The authors of the bill – HB 1349 – argue it will lower the cost of insurance in Colorado’s individual market. But the text of the bill concedes a major problem, first identified by an actuarial firm hired by the Polis administration, about the way the public option is designed: It will increase the cost of insurance for many, if not most, households in the individual market.

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