Crowdfunding concept. Colorado'sreinsurance plan reduces the cost of more expensive procedures byhelping pay for them, in return for which insurers agree to reducetheir premiums. (Photo: Shutterstock)

With the looming expiration of atax on health care plans that was part of the Affordable Care Actand helped individuals cover the cost of insurance on the privatemarket, Colorado lawmakers are considering legislation that willlevy new fees on insurers and hospitals to help fund a reinsuranceprogram that currently assists about 1 million Coloradans withheath insurance coverage. 

The legislation would place a 1% fee on premiumscollected by nonprofit health insurers and 2.5% fee on for-profitcarriers. It would also require hospital to pay about $20 millionover the course of two years, a substantial decrease in the $80million Colorado hospitals are due to pay under the state's currentreinsuranceplan.       

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Greg Land

Greg Land covers topics including verdicts and settlements and insurance-related litigation for the Daily Report in Atlanta.