Henry injured his ribs in the third quarter against Pittsburgh in last week's 31-28 win. Henry has also been hampered by right ankle and knee ailments this season.
He has 549 yards on 119 carries this season. Undrafted rookie Selvin Young will start in Henry's place.
Bailey, who missed Denver's last game with a quadricep injury, is active for the Broncos. He is fourth on the team with 33 total tackles and also has one interception this season.
Fullback Mike Bell and defensive end Jarvis Moss were also inactive for Denver.
Green Bay's inactive list included center Scott Wells, running back Brandon Jackson and tight end Bubba Franks.
Copyright 2007 by The Associated Press