Coloradans won't be able to look out-of-state for cheaper health insurance. Lawmakers rejected a proposal Monday that 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 of the measure include insurance commissioner Marcy Morrison. She says 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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