ColoradoCare would operate in the black for at least 9 years, supporters argue in new analysis

Supporters of ColoradoCare, a ballot measure that would provide health care coverage to everyone in the state, said Tuesday that their system could operate for at least nine years without running a deficit.

The new analysis from the campaign was a response to a report released this month by the independent Colorado Health Institute that showed ColoradoCare operating in the red from the first year on. In its analysis, the pro-ColoradoCare campaign projected that the system could go until 2028 before expenses outweigh revenue. By then, according to the campaign’s analysis, ColoradoCare would be sitting on a nearly $16 billion surplus accrued in previous years.

“ColoradoCare, Amendment 69, will operate in the black,” former state Sen. Jeanne Nicholson, a supporter of the measure, said at a Tuesday news conference.

Unless a person opts to pay extra for a private plan or is already on another government plan — like Medicare — ColoradoCare would pick up the bill for any health care expenses incurred by a Colorado resident.

Read more: http://www.denverpost.com/2016/08/30/coloradocare-operate-in-black-new-analysis/