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The Colorado Health Insurance Option would, among other actions, reduce reimbursement rates to hospitals so that they’re more in line with Medicare rates. (Image: Shutterstock)

While politicians in Washington are still sparring about whether a public option should even exist when it comes to health care, Colorado is already moving down that road with the release of its next step toward creating a public option that it estimates could save consumers as much as much as 20 percent on their monthly premiums.

According to Colorado Public Radio, the state’s Democratic governor, Jared Polis, has been developing a plan to do just that in his efforts to cut insurance premiums—although his efforts to address costs with hospitals have been somewhat adversarial.

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Marlene Satter

Marlene Y. Satter has worked in and written about the financial industry for decades.

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