Sep 30, 2011 8:06 AM by Trovette Tottress
DENVER (AP) - Colorado will miss a Friday deadline to apply for $22 million in federal funds to set up an insurance marketplace because Republicans and Democrats can't agree on how to apply for the money.
The Colorado Health Exchange is a virtual health insurance marketplace approved by lawmakers last term. Some Republicans opposed the idea because insurance exchanges are required under the new health care law, which some Republicans believe will be overturned.
The Denver Post reports that a legislative panel charged with setting up Colorado's exchange is divided 5-5 over language in a grant application to the federal government for money to set up the exchange. The deadlock means Colorado will miss a Friday deadline, though the newspaper reports that the state could wait until Dec. 30 to apply.