Colorado Congressional Democrats said Friday that Gov. Jared Polis signed into two bills, including a bill proposed by Avon Democrat Dylan Roberts, aimed at making hospital reporting more transparent, according to the following press release on Friday: announced the release.
Governor Polis today signed two bipartisan bills to make hospital reporting requirements more transparent to save Colorado patients money and to make the pricing of medical services more transparent.
“Colorado Democrats have been committed to making health care more affordable for Colorados. This new law will improve transparency requirements for hospitals and allow us to build future policies that save Colorados money. It will be like this.” Chris DeGruy Kennedy, Democratic Lakewood sponsor of HB23-1226, said. “Hospitals can move money between states, making it difficult to know where the profits are going and why health care costs continue to rise faster than inflation. It will give us a more thorough understanding of the state’s hospital cash flow, allowing us to take cost-saving measures for patients and businesses.”
“In the communities I represent in western Colorado, access to affordable health care services can be very difficult or impossible to find.” said Senator Dylan Roberts of D-Avon, the sponsor of HB23-1226. “I have gathered data that will provide the best information to help inform new policies to enhance hospital financial transparency reporting, strengthen compliance, improve healthcare management, and save Colorados money. We are proud of the bipartisan bill that will
HB23-1226It is also backed by Republican Sen. Perry Will and Rep. Matt Soper, and builds on hospital transparency. law It was also introduced by Rep. Chris DeGruy Kennedy in 2019 to increase price transparency and reduce healthcare costs. Pursuant to HB23-1226, hospitals are required to submit annual summaries of hospital cash, stock, investments, or other asset transfers to and from related parties, hospital-specific cash flow statements, and larger capital investment explanatory statements. must be disclosed. $25 million, including salaries and compensation totals for the top five highest-paid managers at each non-profit hospital.
Transparency data identifies the underlying causes of high hospital costs and enhances data collection on the financial health and performance of Colorado hospitals. The Ministry of Health Policy and Finance will have the authority to apply corrective action plans and fines to hospitals that do not follow data collection procedures. Hospitals are also required to provide patients with a detailed list of billed services and associated fees, and to disclose the patient’s right to receive more detailed information about billed services.
“Coloradoans have a right to know what their medical bills will be before they undergo any treatment or surgery.” SB23-252’s sponsor, Sen. Julie Gonzalez, D-Denver, said: “We have made great strides in our efforts to protect consumers and reduce healthcare costs, but there is still much more we can do. , it is time to take the next step and increase the transparency of healthcare pricing.”
“Transparency in healthcare pricing is critical so that patients in Colorado are not blinded to the high hospital bills they are forced to pay.” SB23-252’s sponsor, Democratic Rep. Lindsey Dougherty of Albada, said. “This Transparency Act allows patients to budget for inpatient and outpatient care, surgeries, and prescription drugs, so they get the care they need at the price they can expect. We have incorporated it into Colorado law, which will save our patients money.”
SB23-252 It was also sponsored by Republican Senators Kevin Van Winkle and Rep. Anthony Hartock. General Assembly passed in 2022 law Prohibits a hospital from filing a debt collection lawsuit against a patient if the hospital fails to comply with the Federal Hospital Price Transparency Act while treating the patient.
The Federal Hospital Price Transparency Rule requires hospitals to publish standard rates and provide patients with out-of-pocket expense estimators. Under federal transparency requirements, the bill would require hospitals to post Medicare reimbursement rates and require the Department of Health Policy and Finance to conduct performance reviews of Colorado hospitals to check compliance. be. Any violation under SB23-252 Colorado Consumer Protection Law.
