"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.
Which is why Sen. Jim Smallwood introduced a bill that requires schools to include the Safe Haven Law as part of sex education. Everyone on the committee said it was a good idea. The bill seemed on track to pass, then came a detour.
“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?”
The Senate Finance Committee voted 3-2 to pass Senate Bill 3 on a party-line vote. Democratic Sens. Lois Court and Lucia Guzman voted against passing the bill, while Republican Sens. Jack Tate, Owen Hill and Tim Neville voted to pass it.
“Our state exchange is really funded through a number of different sources, but many of them are really tax payer dollars,” State Sen. Smallwood said. “With my proposal, first of all we want people to know that by repealing the state exchange that in no way ends the ACA, it doesn’t end ObamaCare in the state of Colorado. It allows our citizens to buy the same policies from the same insurance companies at the same rates, but on website healthcare.gov instead of connectforhealthco.com because healthcare.gov is being paid for with federal dollars because with connect for health we’re paying for it, again, with our state dollars.”