Source: Denver Business Journal

June 10, 2020

A health care bill that has passed through the Colorado Senate and is making its way through the House is designed to increase health care affordability and funding, but opponents say it massively oversteps and creates new problems. SB 20-215, known as the Health Insurance Affordability Enterprise, would perpetuate a federal tax that insurance carriers pay that is set to expire at the end of the year by requiring carriers continue to pay that tax as a fee to the state. That fee would be used to, among other things, fund reinsurance for several years. The bill also creates an enterprise, or a government-run business, and a new board to oversee the funding generated through this bill. The board will be under the purview of the Division of Insurance.