DENVER — State lawmakers unveiled the Colorado Health Insurance Option bill in the State Capitol Thursday afternoon.
State Sen. Kerry Donovan and State Rep. Dylan Roberts, both Democrats, said the bill aims to create more affordable health insurance options and ensure residents in rural areas will have more than one insurance provider to choose from.
The bill would mandate alternative insurance plans, especially in the 22 counties that are only offered one insurer. Sponsors argue competition would lower premium costs. The state would decide the formula for the reimbursement rates for hospitals, or how much hospitals can charge insurance companies for your care. Sponsors report these changes would cut premiums 7-20% for those who are on individual or small group healthcare plans and would allow hospitals to remain profitable.
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Colorado lawmakers unveil bill proposing public health care option
By Wilson Beese and Erin Edwards | 9NEWS