SB 24-080 — Transparency in Health-Care Coverage

Second Regular Session Seventy-fourth General Assembly STATE OF COLORADO ENGROSSEDREENGROSSED This Version Includes All Amendments Adopted on Second Reading in the House of Introduction LLS NO.

24-0643.01 Kristen Forrestal x4217 SENATE BILL 24-080 SENATE SPONSORSHIP Fields and Jaquez Lewis, HOUSEBridges, SPONSORSHIPBuckner, Young,Cutter, SenateExum, CommitteesGinal, HouseMichaelson CommitteesJenet, HealthPriola, &Winter HumanF. Services Appropriations A BILL FOR AN ACT C ONCERNING HEALTH INSURANCE CARRIER PRICE TRANSPARENCY REQUIREMENTS ,AND ,INCONNECTIONTHEREWITH ,MAKINGAN APPROPRIATION .

BillHOUSE SummarySPONSORSHIP (Note:Young, Senate Committees House Committees Health & Human Services Appropriations A BILL FOR AN ACT C ONCERNING HEALTH INSURANCE CARRIER PRICE TRANSPARENCY REQUIREMENTS ,AND ,INCONNECTIONTHEREWITH ,MAKINGAN APPROPRIATION .

ThisBill summarySummary applies to this bill as introduced and does notreflectanyamendmentsthatmaybesubsequentlyadopted.Ifthisbill passes third reading in the house of introduction, a bill summary that applies to the reengrossed version of this bill will be available at http://leg.colorado.gov.) Thebillrequireshealthinsurancecarriers(carriers)tocomplywith federal price transparency laws and to make available an internet-based self-service tool that provides real-time responses to a covered person's g questions concerning carrier prices that are based on cost-sharing d e 2(Note: information.

This summary applies to this bill as introduced and does n notreflectanyamendmentsthatmaybesubsequentlyadopted.Ifthisbill m 2 T Rn 2 passes third reading in the house of introduction, a bill summary that A nU 90 Shadingapplies denotesto HOUSEthe amendment.reengrossed version of this bill will be available at E i i S a p http://leg.colorado.gov.) R A r Thebillrequireshealthinsurancecarriers(carriers)tocomplywith 3 federal price transparency laws and to make available an internet-based self-service tool that provides real-time responses to a covered person's g i questions concerning carrier prices that are based on cost-sharing a 4 information.

E R 0 A n , N 2 2 Shading denotes HOUSE amendment.

ES de ir Capital letters or bold & italic numbers indicate new material to be added to existing law.n Ap Dashes through the words or numbers indicate deletions from existing law.

Dashese throughA The bill also requires carriers to submit information required by federal pharmacy benefit and drug cost reporting laws to the wordscommissionerofinsurance.Acarrierthatviolatestherequirementsofthe bill engages in an unfair method of competition and an unfair or numbersdeceptive indicateact deletionsor frompractice existingin law.the business of insurance.

e A A The bill also requires carriers to submit information required by federal pharmacy benefit and drug cost reporting laws to the commissionerofinsurance.Acarrierthatviolatestherequirementsofthe bill engages in an unfair method of competition and an unfair or deceptive act or practice in the business of insurance.