The Left’s Latest “Public Option” Scheme to Rig Health Care Markets
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Following in Washington state’s footsteps, the Colorado and Nevada legislatures have recently passed laws creating state-based public option health care programs.
Beginning in 2023, Colorado’s new government health plans will enter both the state’s individual and small-group health insurance markets. Required to meet the current federal health insurance rules and benefit mandates, the Colorado program will also impose a premium cap.
Under this cap, any insurance carrier offering the government health plan must offer a premium rate that would be 6% less than it offered in 2022; in 2024, 12% less than it offered in 2021…
Nevada legislators are giving themselves a longer lead time. Their public option goes live in 2026. By law, the Nevada public option must then offer premiums 5% less than the private plans offering coverage on the state’s health insurance exchange. Nevada officials project their government health plan to attract an estimated 55,000 enrollees in the first year, reaching 110,000 enrollees in five years.
Left-wing champions of the public option invariably resort to rigging the market in favor of their government health plans.
In their view, there is no glitch that cannot be fixed with more mandates, bigger government subsidies, and higher taxes. That’s just the way they roll
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