Denver (AP) State lawmakers rejected a proposal Monday that would have allowed Colorado residents to look beyond the state's borders to buy health insurance.
The proposal (house bill 1327) would have allowed people to buy policies from companies that aren't licensed to sell policies in Colorado but are licensed to do business in other states. The House Business Affairs and Labor Committee voted 6-5 against the idea, which Rep. Cory Gardner said could drive down the cost of health insurance by creating more competition.
Critics, including Insurance Commissioner Marcy Morrison, said people could have a difficult time finding out what those policies covered and with lodging complaints against the out-of-state
companies. Others worried it would drive up the cost of insurance in Colorado by shrinking the risk pool.
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