SB 23-252

Senate Bill 23-252, known as the Medical Price Transparency Act, requires Colorado hospitals to publicly disclose their Medicare reimbursement rates and comply with federal transparency rules. The state department will assess each hospital's adherence to these rules and publish the results online. Additionally, violations of this transparency requirement are considered deceptive trade practices under consumer protection laws. This bill was signed into law on June 2, 2023, and took effect immediately, meaning hospitals must now comply with its requirements right away.

Official Summary

The act requires hospitals to make public and post each hospital's medicare reimbursement rates. The act: Requires the department of health care policy and financing (state department) to conduct a performance assessment for each hospital to determine the hospital's adherence to federal transparency rules and publish the results on its website; Repeals sections of statute regarding hospital price transparency and debt collection that are currently under the administration and authority of the department of public health and environment and relocates these sections so that hospital price transparency and debt collection provisions are under the administration and authority of the state department; and Makes a violation of the hospital transparency requirements outlined in the act a deceptive trade practice under the "Colorado Consumer Protection Act". APPROVED by Governor June 2, 2023 EFFECTIVE June 2, 2023 NOTE: This act was passed without a safety clause and takes effect 90 days after sine die. (Note: This summary applies to this bill as enacted.)

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