Coloradans Reject Single Payer Health Care

doctor
AP

Coloradans rejected socialized medicine at the ballot box Tuesday, as amendment 69 failed by roughly 60 points.

With 58 percent of precincts reporting, only 21 percent of Colorado voters supported the single payer system. Seventy-nine percent voted no.

The ColoradoCare initiative would have replaced Obamacare with a single payer system at a price tag more than the state's entire budget. The initiative would have cost $30 billion, paid for in part by a $25 billion tax increase.

A Magellan Strategies survey from September showed little support for the initiative, with less than a third of Coloradans saying they would vote yes.

Obamacare premiums are set to increase by 22 percent nationwide next year, and as high as 145 percent in some states.