35 to 0: Senate Approves Smallwood’s SB-132 Unanimously
The bill, sponsored by Senator Jim Smallwood (R-Parker) requires the Colorado Insurance Commissioner to seek a waiver from the federal government to permit any Coloradan to purchase a “catastrophic health plan,” unlike current laws that only allow those under 30 years of age to make that decision. If passed by the House and signed by the Governor, consumers may save as much as 30 percent in their medical premiums if they choose to enroll in one of these catastrophic health plans.
“It is those middle-class Coloradans that earn too much to receive subsidized healthcare but don’t earn enough to be able to afford expensive health insurance plans that influenced my decision to bring forward Senate Bill 132,” said Senator Smallwood. “Seeing unanimous, bipartisan support for the bill is great, and I can’t wait to see it passed in the House and signed by the Governor.”
Though SB-132 will require the Insurance Commissioner to apply for a waiver, it is possible that the federal government will deny the waiver.
“We won’t know until we try, but I’m very optimistic,” said Senator Smallwood.