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Senate approves public option bill that's not a public option


Even though it no longer creates a government-run public option medical plan, Senate Democrats praised themselves for passing their so-called public option bill Wednesday.
The measure, HB1232, originally called for creating a state-run public option to be offered on Colorado’s health care exchange if insurance companies didn’t, on their own, lower premiums 20% by the end of 2024.
But because of so much pushback from medical providers and hospitals, the bill was altered to mandate that insurance carriers gradually lower premiums by 18% by 2025.
The bill also calls on the state’s commissioner of insurance to develop a standardized health insurance plan that private carriers would have to offer on the individual and small-group markets, and one that providers would have to accept. ....

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Lawmakers Want To Pass A 'Colorado Option' That Gives The State More Power To Regulate The Cost Of Health Care. Here's Why That Matters


A negative pressure room inside St. Joseph Hospital, March 10, 2020.
After years of deliberation and months of legislative drama, Democratic lawmakers are making a final push to reduce health insurance premiums by giving the state government new power to tell insurance companies and hospitals how much they can charge consumers.
The “Colorado Option,” also known as the state’s “public option” bill, faces one of its most important tests in the state Senate, starting as soon as Tuesday. The reform legislation is a top priority for Gov. Jared Polis, and his office has pressed relentlessly to get it approved this year, but the bill’s fate has at times felt uncertain amid countless delays and rewrites. ....

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