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First Regular Session | 75th General Assembly
Colorado General Assembly

PUBLIC
BILL SUMMARY For SB24-080

HOUSE COMMITTEE ON HEALTH & HUMAN SERVICES
Date May 2, 2024       Location Old State Library

SB24-080 - Referred to House Appropriations
07:42:56 PM  
The primary bill sponsors, Representatives Young and Marvin, introduced Senate Bill 24-080 to the House Health and Human Services Committee. The bill requires health insurance carriers to comply with federal price transparency laws, provide consumer access to accurate health care coverage price information, and report federal pharmacy and drug cost information to the Division of Insurance in the Department of Regulatory Agencies. Beginning in July 2024, carriers must create a digital tool for enrolled people that provides real-time responses to questions related to carrier prices. Beginning in July 2025, carriers must publicly publish and update price transparency information every six months, and submit federal pharmacy benefit and drug cost information to the division on an annual basis.
07:47:43 PM  
The bill sponsors responded to questions from the committee.
07:48:36 PM  
Michael Conway, representing Division of Insurance, testified in support of the bill.

Ms. Bethany Pray, representing Colorado Center on Law and Policy, testified in support of the bill.
07:52:29 PM  
The witness panel responded to questions from the committee.
07:58:18 PM  
The primary bill sponsors, Representatives Young and Marvin, provided closing comments on Senate Bill 24-080.
07:59:41 PM  
Members of the committee provided closing comments on the bill.

08:02:00 PM
 Motion Refer Senate Bill 24-080 to the Committee on Appropriations.
Moved Young
Seconded Lieder
Bradfield No
Bradley No
Brown Yes
English Yes
Hamrick Yes
Hernandez Yes
Lieder Yes
McCormick Yes
Ortiz Excused
Weinberg No
Wilson No
Young Yes
Daugherty Yes
Final YES: 8   NO: 4   EXC: 1   ABS:  0   FINAL ACTION:  PASS