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Protect Our Care Applauds HHS for its Approval of the “Colorado Option”

By June 23, 2022No Comments

The Biden Administration’s Approval of the Colorado Option Will Extend Health Coverage and Lower Costs for Thousands of Families 

Washington, DC —Today, the Biden administration announced the approval of the “Colorado Option,” Colorado’s state-based health insurance plan, which will be available on the state’s health insurance marketplace, will increase enrollment and lower health care costs for thousands of Coloradans. In addition to saving money for consumers, the Colorado Option is also projected to save the federal government millions of dollars, and those funds will be shared with the state to reinvest in health initiatives. Under the Colorado Option, 10,000 Coloradans will save on their insurance costs beginning in 2023. In response, Protect Our Care Executive Director Brad Woodhouse issued the following statement: 

“The approval of Colorado’s waiver is a monumental step forward in making health care more affordable for the American people. Under the Colorado Option, thousands of residents will save on their insurance costs and gain access to the health care they need. Approving Colorado’s program paves the way for other states to implement similar measures to make health care more accessible. Today’s announcement only confirms the Biden administration’s commitment to delivering lower costs, advancing health equity, and making health care a right for every American.”