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Senate approves one‑time $100M package to blunt health insurance premium spike, funded in part by tax‑credit sales
Summary
Facing projected steep premium increases from changes in federal credits, the Senate passed House Bill 25B‑1006 to allocate $100 million to the Health Insurance Affordability Enterprise — up to $50M for reinsurance and up to $50M for subsidies — funded in part by sale of tax credits and other sources; the bill passed following extensive debate about long‑term fiscal tradeoffs.
The Senate adopted House Bill 25B‑1006 after extended floor debate that centered on preventing a “cliff” in affordability if enhanced premium tax credits are not extended at the federal level. Sponsors described the bill as a one‑time infusion: $100 million to the Health Insurance Affordability Enterprise cash fund, with up to $50 million allowed for reinsurance and up to $50 million for subsidies targeted to low‑income Coloradans.
Senator Judah said the…
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