HB 26-1432

House Bill 26-1432, which has been signed into law, stops the Colorado Department of Health Care Policy and Financing from reducing or redistributing extra payments given to hospitals through a program called the Hospital Transformation Program. This means that hospitals will continue receiving their current supplemental medical assistance payments without any cuts or changes. The bill affects hospitals participating in this program by ensuring they maintain their existing financial support levels. Since it has been signed, the law is now active and hospitals can expect to receive these funds as before.

Official Summary

The bill requires the department of health care policy and financing (HCPF) to formally withdraw, rescind, amend, or suspend the implementation of state plan amendment 24-0043, and any substantially similar state plan amendment submitted to the federal centers for medicare and medicaid services, that authorizes performance-based reductions or redistributions of hospital supplemental medical assistance program payments under the hospital transformation program created through the Colorado healthcare affordability and sustainability enterprise. HCPF is prohibited from implementing or adopting rules implementing any reduction, recoupment, or redistribution of hospital supplemental medical assistance program payments authorized pursuant to the hospital transformation program.(Note: This summary applies to this bill as introduced.)

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