SB 18-130

Senate Bill 18-130, which has been signed into law, removes a requirement for health insurance companies in Colorado to report average payment rates for hospital stays and common procedures to the state’s Division of Insurance. This change affects health insurance carriers by eliminating their obligation to provide this specific financial data. Since the bill is signed, it means that these reporting requirements are no longer in effect, and insurance companies are not required to submit this information anymore.

Official Summary

Current law requires health insurance carriers to report to the division of insurance a list of average reimbursement rates for the average inpatient day or the average reimbursement rate for the 25 most common inpatient procedures. The bill repeals this requirement. (Note: This summary applies to the reengrossed version of this bill as introduced in the second house.) Read More

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