The State Of Colorado Moves Toward A Public Health Insurance Option


THEY WILL NOT BE RESTOCKED. KROGER OPERATES WITHIN 20 STORES IN THE MOUNTAINS AND WESTERN SLOPE. SAVING MONEY ON HEALTHCARE BILLS IS A NEW GOAL BEHIND A PUBLIC OPTION. SEAN BOYD IS AT THE CAPITAL TONIGHT TO HELP EXPLAIN HOW THIS WORKS. Reporter: THIS TAKES DIRECT AIM AT HOSPITALS. DENVER AREA HOSPITAL SAW RISING PROFITS OF 15%, ONE IN FIVE COLORADO RESIDENTS HAD TROUBLE PAYING THEIR MEDICAL BILLS. HOSPITALS WILL RECEIVE LOWER REIMBURSEMENT UNDER THIS BILL AND THEY WOULD BE REQUIRED TO MASTER THE PLAN FOR THE 8% ON THE MARKET. PREMIUMS COULD DROP UP TO 18%. Reporter: MIKE CONWAY SAYS IT IS TIME TO BRING RATIONALITY TO HEALTHCARE PRICING. OBAMA CARE LIMITED INSURANCE COMPANY PROFITS AND THE STATE WILL NOW LIMIT HOSPITAL CHARGES. CAN ONLY MAKE THIS MUCH IN PROFIT AND THIS MUCH IN EXPENSE, WE DIDN’T SAY THAT, WE SAID CAN YOU LOWER YOUR PRICES EQUAL TO AND GET MORE COMPETITIVE WITH OTHER STATES? THE DIRECTOR OF HEALTHCARE POLICY AND FINANCING FOR THE STATE SAYS THE PLAN IS TO BRING RATES IN LINE WITH THE NATIONAL AVERAGE. RIGHT NOW, COLORADO HOSPITAL PRICES ARE GROWING 57% HIGHER THAN THE NATIONAL AVERAGE AND ARE AMONG THE HIGHEST IN THE COUNTRY. WE RECOGNIZE THE INDUSTRY NEEDS TO START CHANGING. WE ARE ASKING THEM TO STEP UP AND BE PART OF THE SOLUTION. INSURANCE COMPANIES WILL NOT HAVE A CHOICE AND THEY HAVE TO PASS ANY REBATES THAT THEY GET TO THE CONSUMERS. AN INSURANCE BROKER WARNED ABOUT UNINTENDED CONSEQUENCES. WHAT ARE THEY GOING TO DO IF THEY ARE FORCED TO BE IN A MARKET WHERE THEY ARE LOSING MONEY? AN PHYSICIAN FACILITIES FORCED TO TAKE MASSIVE DECREASES. IF THE HOSPITALS DO NOT VOLUNTARILY PARTICIPATE, THEY MAY BE FORCED. THE LAW ALLOWS THE STATE TO STEP IN. THE COLORADO HOSPITAL ASSOCIATION SAID IT IS NOT JUST THE 8% ON THE INDIVIDUAL MARKET. THEY ARE ALSO CONCERNED OTHERS WILL LEAVE THEIR PLANS FOR THIS PUBLIC AUCTION, WHICH COULD DISMANTLE THE PRIVATE INSURANCE MARKET.

3 thoughts on “The State Of Colorado Moves Toward A Public Health Insurance Option

  1. We didn't ask them to not make a profit we just asked them to not rape our wallets so hard and violently. As long as your wallet raping is on par with the national averages then please continue. Lol👍🤣🤷‍♂️🙋‍♂️

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