Source: Colorado Sun
In a budget-panicked, coronavirus-interrupted legislative session that has already seen major proposals for how health insurance should work in the state come and go, Colorado lawmakers have just proposed another massive change. Senate Bill 215 would create a new fee on the health insurance premiums paid by close to a million people in the state. Supporters say the fee would take the place of a federal tax that is expiring at the end of the year. Money from this new fee — estimated at around $100 million per year — would be used to pay for the state’s reinsurance program and provide additional subsidies to lower health insurance prices, collectively benefiting hundreds of thousands of people who purchase coverage on their own or are currently uninsured.