DENVER (CBS4) – A large majority of Coloradans aren’t ready for a single-payer health care system.

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Amendment 69, or ColoradoCare, was rejected by voters by a margin of 80 percent to 20 percent. It would have created the first such system in the country.

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If it had passed, Colorado would have opted out of the Affordable Care Act and replaced it with a health care plan paid for by a payroll tax.

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Employers would have had to pay a new tax of about 7 percent of workers’ wages. Employees would have had a payroll tax of about 3 percent. There would have been no deductibles or co-pays. The funds would have be transferred into a separate authority run by an elected board of directors.