HB 24-1417

House Bill 24-1417, which has been approved by the governor and will take effect on July 1, 2024, allows for an increase in fees that healthcare facilities such as hospitals, assisted living residences, and home care agencies must pay to the state. These fee increases start at up to 8% in fiscal year 2025-26 and then decrease to 6% for the following three years before adjusting annually based on inflation. The bill also mandates that the state auditor will review how efficiently these funds are being used by the Department of Public Health and Environment. This affects healthcare providers who operate within Colorado and impacts their operational costs over the next several years.

Official Summary

The act establishes the amounts by which the state board of health in the department of public health and environment (department) may increase the fees payable to the health facilities general licensure cash fund, the assisted living residence cash fund, and the home care agency cash fund. The fees are increased up to 8% in state fiscal year 2025-26; 6% in state fiscal years 2026-27, 2027-28, and 2028-29; and, in each fiscal year thereafter, an amount based on the percentage change reflected in the prior year's consumer price index. The act requires the state auditor to audit the efficiency of the department's use of the facility fees. APPROVED by Governor April 29, 2024 EFFECTIVE July 1, 2024(Note: This summary applies to this bill as enacted.)

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