summary
Introduced
01/22/2024
01/22/2024
In Committee
05/06/2024
05/06/2024
Crossed Over
05/17/2024
05/17/2024
Passed
05/17/2024
05/17/2024
Dead
Signed/Enacted/Adopted
06/05/2024
06/05/2024
Introduced Session
2024 Regular Session
Bill Summary
CONCERNING HEALTH INSURANCE CARRIER PRICE TRANSPARENCY REQUIREMENTS, AND, IN CONNECTION THEREWITH, MAKING AN APPROPRIATION.
AI Summary
This bill aims to improve health care price transparency in Colorado. It requires health insurance carriers to comply with federal requirements to disclose in-network provider rates, historical out-of-network allowed amounts and billed charges, and negotiated rates for prescription drugs. The bill directs the Colorado Commissioner of Insurance to adopt rules aligning with federal transparency laws and to create a standardized template for carriers to submit this price information. It also requires carriers to submit prescription drug cost reporting information to the Commissioner annually. The bill appropriates funding to the Department of Regulatory Agencies to implement these new transparency requirements.
Committee Categories
Budget and Finance, Health and Social Services
Sponsors (32)
Rhonda Fields (D)*,
Sonya Jaquez Lewis (D)*,
Julia Marvin (D)*,
Mary Young (D)*,
Judy Amabile (D),
Andrew Boesenecker (D),
Jeff Bridges (D),
Kyle Brown (D),
Janet Buckner (D),
Lisa Cutter (D),
Lindsey Daugherty (D),
Elisabeth Epps (D),
Tony Exum (D),
Lorena García (D),
Joann Ginal (D),
Eliza Hamrick (D),
Tim Hernández (D),
Iman Jodeh (D),
Cathy Kipp (D),
Sheila Lieder (D),
Mandy Lindsay (D),
Meghan Lukens (D),
Julie McCluskie (D),
Barbara McLachlan (D),
Dafna Michaelson Jenet (D),
Kevin Priola (D),
Manny Rutinel (D),
Emily Sirota (D),
Tammy Story (D),
Brianna Titone (D),
Alex Valdez (D),
Faith Winter (D),
Last Action
Governor Signed (on 06/05/2024)
Official Document
bill text
bill summary
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bill summary
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bill summary
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