As Election Day draws closer, the presidential race is not the only hot button item on the Colorado ballot. Amendment 69, which would establish a single-payer insurance system that would be run by the state, is also up for a vote. If the amendment passes, the ColoradoCare health system will be created. But is this good for Coloradoans? Is it bad? Or is it somewhere in between?
In this three-part article series, we will take a look at the pros and cons of Amendment 69 from the perspective of injured workers.
Please note that by publishing these articles, we are NOT endorsing a yes or no vote for the amendment. Colorado voters should choose how they want to vote on their own, and we just want them to have all the information they need to make an informed decision on Election Day.
Amendment 69: The Basics
Many of the potential benefits and negative effects of Amendment 69 are only theoretical at this point, as there is no way to know exactly how things will turn out unless the amendment passes. However, here are the high-level items that we know with certainty at this point will happen if the people of Colorado approve the amendment:
- ColoradoCare will be created. This single-payer system will be designed to finance health care services for residents of Colorado.
- New taxes will be imposed. To fund the $25 billion annual cost of ColoradoCare, the state will need an additional 10 percent payroll tax; 6.67 percent of this tax would come from employers, and 3.33 percent would come from workers.
- A board of trustees will be created to oversee operation of the ColoradoCare system.
With these items in mind, follow these links to examine the possible pros and cons that ColoradoCare holds for workers in Colorado.
Additional Items for Voters to Consider
While this article series focuses on the benefits and pitfalls that may face employees if ColoradoCare becomes a reality, that is only a part of the larger puzzle presented by Amendment 69. We encourage you to do additional research and read other articles on the topic before voting on the amendment and to consider questions such as:
- Would passage of Amendment 69 lead to an influx of people to Colorado?
- How will costs be controlled in the proposed system?
- Are all potential costs of the program covered by the proposed tax increase? Are all potential savings?
- Will reimbursement rates from ColoradoCare be enough to keep the best medical providers in the state?
- How would the tax requirements of Amendment 69 affect businesses’ desire to move operations to Colorado?
Want to learn more? Check out part two (Benefits of ColoradoCare) and part three (Negative Effects of ColoradoCare) of this article series. Then, help us spread the word about this important topic – share these articles on Facebook to help your friends and family stay informed!