In accordance with a Greatest Wire report, the cash would assist the state’s reinsurance program, direct funds to carriers to offset the lack of federal tax credit, and different packages underneath the Colorado medical insurance affordability enterprise. The enterprise, created in 2020, is funded by federal {dollars} and insurer charges. It runs the reinsurance program, change subsidies and OmniSalud, which helps low-income residents not eligible for federal credit or state insurance coverage.