Colorado StateLongmont Daily Times-Call
There has been a great deal of discussion concerning the Public Option health care bill currently under consideration at the Colorado State Legislature. HB21-1232: Standardized Health Benefit Plan Colorado Option requires the commissioner of insurance to establish a single, standardized health benefit plan and encourages private insurance companies to offer the plan. It establishes a new authority for the purpose of operating a health plan and authorizes the commissioner to apply for federal funding to finance the authority. It sets arbitrary premium reduction targets for private health insurance to meet in 2023 and 2024 and then empowers the commissioner of insurance to launch the new government-run public option plan, if it is determined that the private companies fail to meet the premium reduction targets.