Colorado's Bold Move: Could a State-Run Health Plan Work?

Health insurance costs are skyrocketing. Many people are struggling to pay their premiums. The Affordable Care Act tax credits didn't get renewed. So, 22 million Americans face an average 114% increase in premiums. That's a huge jump. Families are left wondering how to handle this financial hit. Colorado is trying something new. They are studying a state-run health insurance plan. This plan would cover everyone in the state. It would include dental, vision, hearing, and mental health care. The cost would be based on income. A reasonable tax would replace premiums and copays. This idea is similar to "Improved Medicare for All. " Previous studies in Colorado showed that this plan could cost less. It would cover more people. The current study is being funded by private money. The Colorado School of Public Health is leading the research.How would this plan save money? First, there would be only one insurer: the state. This would cut down on administrative costs. Second, it would be a non-profit. This would replace for-profit insurance companies. Third, the risk pool would be large. Everyone in the state would be covered. This would balance out costs. Finally, the state could negotiate lower drug prices. The study will be done by the end of 2026. Then, the legislature and the public can decide if they want to implement this system. Many states are watching Colorado. If this plan works, others might follow. Politically, this is a big deal. According to a Kaiser Family Foundation survey, more than half of those with Marketplace insurance say a $1, 000 increase would affect their voting decisions. People have three choices: absorb the cost, choose a lower premium plan with a higher deductible, or go without insurance. Going without insurance could make things worse for everyone.