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Old 04-11-2016, 10:38 PM
 
1,258 posts, read 1,575,642 times
Reputation: 1392

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ColoradoCare.org

I heard of this for the first time today. I'm usually OK with the thought of my taxes being higher than they are now, even though we pay a lot and it kinda hurts.
If the measure passes, it will be very painful for us. Both my husband and I are high earners, I am a W2 employee, he is self-employed. I get insurance through my employer and it is very cheap right now.

I guess, we will live with that, although I'm voting against the measure. 10% on self-employed and small businesses is a LOT!

Perhaps, someone can give me some real life examples of people who will benefit financially from this plan, and that will help me see the issue in a different light. I ran a calculator and we are going to "save" -10K (meaning, we will pay 10K more than we pay now).

Also, can someone explain if the insurance provided under this plan will work like PPO? Or will there be a primary care provider that you need referrals from in order to see specialists?

 
Old 04-11-2016, 10:47 PM
 
Location: Aurora, CO
6,525 posts, read 10,194,145 times
Reputation: 9757
It's a gigantic boondoggle that will more than double the state budget and put $25 billion (to start) in the hands of a bunch of bureaucrats. This tax will also be exempt from Tabor and you can guarantee they'll use scare tactics to keep getting people to vote for raising the rate.

Additionally it is NOT "just a payroll tax." It is a 10% income tax across the board. Nearly every source of income will be subject to taxation at that rate.

If it becomes law I'm taking my equity and leaving the state, and I suspect many high-wage earners (and medical professionals) will do the same. Our current system sucks, but taking a stab at single payer at the state level is utter stupidity.
 
Old 04-11-2016, 11:07 PM
 
Location: Prescott Valley, AZ
2,658 posts, read 2,306,510 times
Reputation: 2657
Vote NO on this non sense. If it passes, more people will move out of Calirado/Colofornia.
 
Old 04-11-2016, 11:16 PM
 
Location: Colorado
794 posts, read 289,120 times
Reputation: 1090
Quote:
Originally Posted by bluescreen73 View Post
If it becomes law I'm taking my equity and leaving the state, and I suspect many high-wage earners (and medical professionals) will do the same.
That is precisely what I, and a great many other small business owners I know, will do as well. At one time I would have said this doesn't stand the proverbial snowball's chance in Hell of passing; but with Calirado changing from purple to deeper and deeper blue, I'm not so sure I'd bet against it.
 
Old 04-11-2016, 11:17 PM
 
1,258 posts, read 1,575,642 times
Reputation: 1392
Quote:
Originally Posted by bluescreen73 View Post
It's a gigantic boondoggle that will more than double the state budget and put $25 billion (to start) in the hands of a bunch of bureaucrats. This tax will also be exempt from Tabor and you can guarantee they'll use scare tactics to keep getting people to vote for raising the rate.

Additionally it is NOT "just a payroll tax." It is a 10% income tax across the board. Nearly every source of income will be subject to taxation at that rate.

If it becomes law I'm taking my equity and leaving the state, and I suspect many high-wage earners (and medical professionals) will do the same. Our current system sucks, but taking a stab at single payer at the state level is utter stupidity.
My employer is based in CA, but employs people all over the country. I'm guessing if Colorado employees will cost 6.66% more, this will quickly become a factor in their hiring decisions.
 
Old 04-12-2016, 01:37 AM
 
Location: Prescott Valley, AZ
2,658 posts, read 2,306,510 times
Reputation: 2657
I highly doubt it will pass in Colorado. Pete Shumlin the governor of Vermont in pushed for it in 2010, but pulled the plug shortly after in late 2014. The plan was to finance approximately 11.5 percent of payroll taxes from employers and 9.5 percent taxes on all Vermont citizens.

Article | NFIB
 
Old 04-12-2016, 02:56 AM
 
Location: Pueblo - Colorado's Second City
12,174 posts, read 20,957,421 times
Reputation: 4258
I'm voting no.
 
Old 04-12-2016, 03:54 AM
 
Location: The Berk in Denver, CO USA
13,947 posts, read 20,196,196 times
Reputation: 22575
I will vote no because I am tired of amending the Colorado Constitution.
 
Old 04-12-2016, 11:31 AM
 
3 posts, read 4,123 times
Reputation: 42
Here is the thing- it is universal coverage for every single Coloradan. It is providing healthcare to every human being in our state. A 100% of us will use it at one time or another. Medicaid will still help those who qualify based on low or no income. Employers will not pay "additional" payroll tax. They will pay 6.67% of payroll for each of their employees INSTEAD of the insurance premiums they currently contribute towards (which predictably increase every year) AND INSTEAD of contributing towards workers' compensation funds. Any employee will pay 3.33% of payroll AND will not be paying co-pays for primary care AND have no deductibles. For most of us this is great deal. Not just personally. Many of us also end up supporting and helping friends and family. So don't begrudge them this coverage. This will make Colorado very competitive as people will be able to be real entrepreneurs and bear risk without worrying about healthcare. OhioToCo, you sound sincere. I like your thoughtful engagement and quest for more information. There are real people you can talk to and I can certainly put you in touch with some. Please know, this is not about fleecing anyone- this is about putting the focus back on the people and giving them reliable healthcare. I have been talking and learning a lot about this and I am for ColoradoCare.
 
Old 04-12-2016, 11:43 AM
 
9,568 posts, read 5,764,693 times
Reputation: 9637
If this law passes, I wonder how many small business owners will leave the state and how many people without jobs or taxable income will move in to take advantage of it?
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