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Universal Health Care Amendment Qualifies for 2016 Colorado Ballot
The Business Journals
Nov. 10, 2015
"Coloradans officially will vote next year on whether to establish the first statewide universal health-care system in the country.... Amendment 69, as the measure will be known, would eliminate all of the existing health-insurance plans being sold in the state and replace them with one government-administered plan that will be funded with a 9 percent payroll deduction per employee. Backers say it would save roughly $5 billion on health care spending by eliminating administrative expenses associated with the insurance industry, which would be wiped out in this state, and by allowing the state to negotiate bulk rates for pharmaceuticals."
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