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h_fin_2018a_2018-04-23t13:35:32z3 Hearing Summary




PUBLIC
BILL SUMMARY For HB18-1392

HOUSE COMMITTEE ON FINANCE
Date Apr 23, 2018      
Location LSB A



HB18-1392 - Amended, referred to House Appropriations


03:06:54 PM  
Representatives Kennedy and Rankin, co-prime sponsors, presented House Bill 18-1392, which requires the Commissioner of Insurance to seek federal approval to establish a reinsurance program to lower health insurance premiums. Committee members received amendments L.004 and L.005 [Attachments E and F, respectively].
03:11:42 PM  
Mr. Mike Conway, representing the Colorado Division of Insurance, testified in support of the bill.
03:13:06 PM  
Mr. David Pinkert, representing Friday Health Plans, testified in support of the bill.
03:15:43 PM  
Ms. Erin Miller, representing the Colorado Children's Campaign, testified in support of the bill.
03:18:10 PM  
Ms. Sarah Vaine, representing Summit County Government, testified in support of the bill. Committee members received a fact sheet about the bill [Attachment G].
03:20:18 PM  
Mr. Conway responded to committee questions.
03:23:33 PM  
Mr. Marc Reece, representing AETNA, testified in opposition to the bill.
03:26:10 PM  
Ms. Loren Furman, representing the Colorado Chamber of Commerce, testified in opposition to the bill.


03:28:28 PM
Motion Adopt amendment L.004 [Attachment E].
Moved Kennedy
Seconded Michaelson Jenet
Beckman Excused
Benavidez
Covarrubias
Gray
Herod
Kennedy
Lawrence
Michaelson Jenet
Sandridge
Thurlow
Van Winkle
Foote
Pabon
YES: 0   NO: 0   EXC: 1   ABS:  0   FINAL ACTION:  Pass Without Objection


03:29:29 PM
Motion Adopt amendment L.005 [Attachment F].
Moved Kennedy
Seconded Michaelson Jenet
Beckman
Benavidez
Covarrubias
Gray
Herod
Kennedy
Lawrence
Michaelson Jenet
Sandridge
Thurlow
Van Winkle
Foote
Pabon
YES: 0   NO: 0   EXC: 0   ABS:  0   FINAL ACTION:  Pass Without Objection
03:29:39 PM  

The bill sponsors made closing comments on the bill.  Members of the committee commented on the merits of the bill.



03:34:48 PM
Motion Refer House Bill 18-1392, as amended, to the Committee on Appropriations.
Moved Kennedy
Seconded Gray
Beckman Excused
Benavidez Yes
Covarrubias No
Gray Yes
Herod Yes
Kennedy Yes
Lawrence No
Michaelson Jenet Yes
Sandridge No
Thurlow No
Van Winkle No
Foote Yes
Pabon Yes
Final YES: 7   NO: 5   EXC: 1   ABS:  0   FINAL ACTION:  PASS