Effects of the Healthcare Reform in Colorado

Healthcare Reform in Colorado is necessary to stop the alarming growth of uninsured residents. Families are struggling with high health costs because of the fact fewer people get health insurance coverage through an employer. The new law ensures a new competitive health insurance market where people can benefit from lower premiums and out of pocket costs and can purchase quality affordable care of their choice. The Colorado Health Insurance Reform will provide the security of knowing that regardless of the fact of unemployment, job changing or starting of a new business, people could still benefit from the ability to purchase affordable quality care. This is a very important effect of the Healthcare Reform in Colorado.

Small business tax credits could help 68,800 small businesses to get affordable premiums. Halved drug costs in the Medicare Part D "doughnut hole" for 102, 000 seniors is another great part of the Colorado Health Insurance Reform. Free preventive services would help 574,000 seniors. Health coverage could be purchased by 439,000 residents who could qualify for premium tax credits. The new Healthcare Reform in Colorado can give good coverage for 345,000 residents who have no group insurance and for 82,000 residents who do not currently have insurance.

The real benefits from the Healthcare Reform in Colorado implemented in 2010 and 2011 will be experienced by families, seniors, small businesses and states. Each state budget has to support the cost for uninsured people. Providers from Colorado will not lose any more money on uncompensated care each year. State employees will benefit from a reinsurance program.

Medicare's overpayment to private plans will be reduced through lower premiums as a result of the Colorado Health Insurance Reform. Excessive overpayments are paid by all seniors. The Colorado Health Insurance Reform will reduce these excessive payments and the cost of drugs for Medicare beneficiaries in Colorado will be reduced by 50 percent. Many preventive services can have a prohibitively high price for seniors even when Medicare pays part of the cost. The Healthcare Reform in Colorado aims to support free recommended preventive services for seniors and free annual wellness visits to their provider.

The small businesses tax credit could help small businesses, which make up 77 percent of Colorado's businesses, to access premiums more affordably and to be able to offer them to their employees. The Colorado Health Insurance Reform provides choice, security and stability. This reform stops the hidden tax that is passed along to families for covering the uncompensated care in Colorado. The prognosis for 2019 is very alarming for Colorado because if nothing is done today because by that time 1.2 million people there will not have health insurance.

The Colorado Health Insurance Reform will encourage states to provide enhanced funding for community based services through Medicaid. These way Medicaid enrollees who would otherwise need to be in a nursing home can get support services in their homes. The Healthcare Reform in Colorado will help invest in innovations and in primary care and will provide financial incentives to hospitals to better coordinate care at discharge. This will avoid preventable readmissions which for Colorado add up to 23,000 readmissions each year.

The quality of hospital care can be improved by reducing the bureaucracy also. The doctors don't have to spend any more time and money on paperwork because they will have standardized paperwork and computerized medical records.

The Colorado Health Insurance Reform is poised to change the face of health care in Colorado.