HB 18-1329

HB 18-1329 is a Colorado bill that provides extra money from state funds to certain medical equipment providers who lost income due to changes brought by the federal '21st Century Cures Act' in the 2017-18 fiscal year. This bill aims to help these specific providers recover some of their financial losses and ensures they receive additional payments based on a set formula determined by the Department of Health Care Policy and Financing. Since it has been signed, this bill is now law and its provisions are being implemented to support affected medical equipment suppliers.

Official Summary

Joint Budget Committee. The bill authorizes a supplemental payment of state-only money to qualified providers of durable medical equipment who experienced a decrease in reimbursement in the 2017-18 state fiscal year as a result of the implementation of the federal '21st Century Cures Act'. The bill directs the department of health care policy and financing (department) to distribute a supplemental payment to qualified providers, as defined in the bill, and includes provisions for determining the amount of each qualified provider's supplemental payment. The bill authorizes the medical services board to adopt rules as necessary. The bill appropriates general fund money to the department for the supplemental payment to qualified providers. (Note: This summary applies to the reengrossed version of this bill as introduced in the second house.) , Read More

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