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Home » FAQs » Will people who work for private commercial insurance companies lose their jobs? Where will they work instead?

Will people who work for private commercial insurance companies lose their jobs? Where will they work instead?

    Yes, some people who work for private commercial health insurance companies, for health care providers and hospitals will lose their jobs because fewer people will be needed to process claims. There will be a plan to pay for training for people who want to get a new job and need additional training. They can also use unemployment benefits while they are learning skills to get a new job. When Coloradans spend less on a publicly funded plan than they would pay for a private commercial insurance plan a significant amount of money will be freed up in the economic cycle to create new businesses and employ people who have been displaced. For example, some people will be hired to be a medical assistant or a nursing home nurse assistant since there will be more demand for their care because more people will be receiving health care.