Here are four points:
1. The amendment would have eliminated a majority of private health insurance companies operating in Colorado, and replace these plans with ColoradoCare, a taxpayer-funded cooperative. Colorado would have provided every state resident coverage.
2. To pay for ColoradoCare, the government would have implemented a 10 percent payroll tax, with employers responsible for 66 percent of the tax and workers paying the remainder.
3. ColoradoCare would have cost $36 billion a year if it came to fruition.
4. Last night around 8:30 p.m., the number of residents voting in favor of the amending was dwindling, with the final vote this morning cementing the amendment’s defeat.
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