Activists in the Centennial State have gotten more than the100,000 signatures needed to put an initiative on the ballot nextyear to establish a single-payer universal health caresystem in the state. This comes three years aftervoters approved a ballot initiative that made Colorado the firststate (along with Washington state) to legalize recreationalmarijuana.
If approved, the new system would create a state health carecooperative financed entirely by tax revenue. It would replace orat least significantly marginalize the private insurance industryin Colorado and scrap the state insurance exchange set up by thePatient Protection and Affordable Care Act.
If passed, the new system would be financed by a 10 percentpayroll tax hike, which would raise an estimated $25 billion. Thatis more than double all of the revenue currently flowing into thestate’s general fund, according to an analysis by KUSA, the DenverNBC affiliate.
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