1E633E8ADEAE103C87258B1200096BFE Hearing Summary CLICS/CLICS2024A/commsumm.nsf PUBLICBILL SUMMARY For SB24-080HOUSE COMMITTEE ON HEALTH & HUMAN SERVICESDate 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
