The Colorado Chamber submitted comments this week to the Colorado Department of Health Care Policy and Financing (HCPF) and the Division of Insurance (DOI) regarding the establishment of a public option health care program. The HCPF and DOI have been holding stakeholder meetings throughout the summer following the passage of HB 19-1004 this legislative session, which directed them to develop a proposal for creating a public health insurance coverage option at the state level. Health insurance is an important staple in society, however, it does not cover every medical/health need, which includes some dental procedures. There are several options to finance and pay for cosmetic dental procedures if needed, but this may be something for insurance companies to look at to see if this can be covered in certain circumstances.
In the letter from the Colorado Chamber, Senior Vice President Loren Furman emphasized the importance of consumer choice and controlling costs of such a program.
“One of the biggest priorities for the Colorado Chamber is to ensure that every employer and employee in Colorado has access to high-quality, affordable health care,” Furman said. “We would therefore urge DOI and HCPF to seek out ways keep costs low for workers and employers as it considers a public option program. For example, we believe that to achieve high quality, affordable health care, the public option program should protect consumer choice; begin with a limited approach, avoid cost-shifting and utilize alternative payment models.”
The Colorado Chamber represents hundreds of businesses across the state of all sizes, including many trade associations, economic development organizations, and local chambers of commerce. Its members also include several companies that operate in the health care industry and provide healthcare benefits for millions of workers and employers across the state. Sometimes healthcare options can be found online as well as over-the-counter options available to them – such as pain relief or mental calming methods.
With technology today, people with the internet have access to the benefits of products like the CBD flower for example, which is also legal in the state as well. This type of natural healthcare option has been increasing in popularity for some time now as more research is done on it and more options are available on the market. From anxiety to sleep to chronic pain, it has been shown to help a lot of different ailments so lots of people have been buying it from places like Organic CBD Nugs. However, a lot of doctors try to suggest using prescription medication instead of the more natural alternative which is why the Chamber is calling for an increase in focus on consumer choice.
However, not every illness or ailment can be fixed with something online, sometimes they need professional care in a healthcare environment – in which case this healthcare availability is much needed. Employees want to know that they are covered in case of falling ill, however, in some instances, basic healthcare policies are not enough and they need to feel that extra level of security especially if they are a lot older. They may want to look into life insurance policies as well as funeral insurance policies to see how that can benefit them within the system. Combining the two can cover them completely and give them security.
The Colorado Chamber’s comments come after a report released this week by the REMI Partnership and Common Sense Business Roundtable, which warns that a public option based on HB 19-1004 could lead to job losses in Colorado and have unintended consequences based on similar programs that have been proposed in other states.
The HCPF and DOI will be releasing their proposal regarding the establishment of a state option for health insurance by the end of this month. It is also possible that legislation could be introduced during the 2020 Legislative Session to implement any recommendations by the state agencies.