"Reinsurance program for me is one step towards single payer," said Sen. Jim Smallwood, R-Parker.
Still, Smallwood says that the government should not be the solution to the rising costs, and says he worries about the state competing with private insurance companies. Insurance companies already have to get their rates approved every year by the state Division of Insurance after public comment periods that follow the initial proposals.
“Having sort of the referees be sort of one of the players would seem unfair in any sport,” he said.
“We’re coming dangerously close to government overreach,” Smallwood said. “The challenge is to strike the right balance. What is the right amount of government intervention to make sure taxpayer dollars are accounted for?”