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].

Mr. Mike Conway, representing the Colorado Division of Insurance, testified in support of the bill.

Mr. David Pinkert, representing Friday Health Plans, testified in support of the bill.

Ms. Erin Miller, representing the Colorado Children's Campaign, testified in support of the bill.

Ms. Sarah Vaine, representing Summit County Government, testified in support of the bill. Committee members received a fact sheet about the bill [Attachment G].

Mr. Conway responded to committee questions.

Mr. Marc Reece, representing AETNA, testified in opposition to the bill.

Ms. Loren Furman, representing the Colorado Chamber of Commerce, testified in opposition to the bill.