BNA’s Health Care Daily Report™ sets the standard for reliable, high-intensity coverage of breaking health care news, covering all major legal, policy, industry, and consumer developments in a...
By Tripp Baltz
Nov. 9 — Colorado voters said no to a ballot measure (Amendment 69) that would have raised about $25 billion in new income taxes annually to fund a state single-payer health-care system.
The proposed constitutional amendment went down with about 80 percent of voters against it. The program it proposed, ColoradoCare, would have created a new statewide system for financing health-care services for Coloradans without other forms of health coverage. It also would have provided supplemental coverage to people who have other coverage and taken over administration of other government-funded health-care programs in the state, such as Medicaid and the Children’s Basic Health Plan.
Proponents said it would have saved money for the state and fulfilled an individual right—access to basic health-care services. Opponents decried the $25 billion tax increase and said the new mandates would have broken the state budget.
The “No on Amendment 69" campaign thanked voters for defeating the measure, which it said would have “crushed the self-employed and deterred new business in Colorado.”
“At its core, the state showed it is fiscally responsible and economically conservative,” Walker Stapleton, Colorado treasurer and co-chair of the “No” campaign, told Bloomberg BNA Nov. 9.
T.R. Reid, spokesman for the ColoradoCare campaign, said supporters knew the initiative was in trouble, “but we lost worse than we expected.” He said the insurance industry “and the Koch Brothers pumped $8 million into our state to defeat our plan, and we were outspent 10 to 1.” Large pharmaceutical companies and the state hospital association also opposed the measure, which Reid said supporters will bring back in a future general election.
To contact the reporter on this story: Tripp Baltz in Denver at firstname.lastname@example.org
To contact the editor responsible for this story: Brian Broderick at email@example.com
The full text of the ballot measure is at https://www.sos.state.co.us/pubs/elections/Initiatives/titleBoard/filings/2015-2016/20Final.pdf.
Copyright © 2016 The Bureau of National Affairs, Inc. All Rights Reserved.
All Bloomberg BNA treatises are available on standing order, which ensures you will always receive the most current edition of the book or supplement of the title you have ordered from Bloomberg BNA’s book division. As soon as a new supplement or edition is published (usually annually) for a title you’ve previously purchased and requested to be placed on standing order, we’ll ship it to you to review for 30 days without any obligation. During this period, you can either (a) honor the invoice and receive a 5% discount (in addition to any other discounts you may qualify for) off the then-current price of the update, plus shipping and handling or (b) return the book(s), in which case, your invoice will be cancelled upon receipt of the book(s). Call us for a prepaid UPS label for your return. It’s as simple and easy as that. Most importantly, standing orders mean you will never have to worry about the timeliness of the information you’re relying on. And, you may discontinue standing orders at any time by contacting us at 1.800.960.1220 or by sending an email to firstname.lastname@example.org.
Put me on standing order at a 5% discount off list price of all future updates, in addition to any other discounts I may quality for. (Returnable within 30 days.)
Notify me when updates are available (No standing order will be created).
This Bloomberg BNA report is available on standing order, which ensures you will all receive the latest edition. This report is updated annually and we will send you the latest edition once it has been published. By signing up for standing order you will never have to worry about the timeliness of the information you need. And, you may discontinue standing orders at any time by contacting us at 1.800.372.1033, option 5, or by sending us an email to email@example.com.
Put me on standing order
Notify me when new releases are available (no standing order will be created)