What business owners need to know about Colorado’s public option as Legislature reconvenes

Health care was one of the biggest action items in last year’s legislative session and it looks like that won’t change this year.

The topic that will likely take up the most space in discussions will be the proposed state public option. In 2019, the legislature tasked the Department of Health Care Policy and Financing to create, along with the Division of Insurance, a study and finalized proposal of what the state’s public option would look like. The result was a state-provided insurance offering on the individual market by January 2022, followed by its placement on the small-group market. The final proposal contained several controversial elements, the most significant of which is that it recommended setting the rates that hospitals can be reimbursed. It also includes restrictions to insurance carriers.

Continue reading on Denver Business Journal.