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Single payer health insurance plan abandoned by Colorado

If the bill had become law, a central health care authority would have been created. This entity would have been run by a 23-member Board of Directors who would be charged with developing and implementing a single payer health care system.

Supporters of the bill said that such a system would reduce administrative costs. However, the proposal which was budgeted at $1.4 million over two years was to be financed by gifts , donations and grants . Given the present state of the economy, it was unlikely that $1.4 million could be raised from these sources and the cost would fall back on the taxpayers.

Opponents of the bill argue that the program would have been much more costly than advertised and would have reduced health care options for Colorado residents. The Colorado based conservative think tank, Independence Institute reports that single payer systems do not service patients well. According to Linda Gorman, an economist and senior fellow at the Institute, “single payer systems are inefficient, costly and provide lousy medicine.”

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