Senator Moreno, prime bill sponsor, presented House Bill 23-1243 concerning establishing corrective action procedures for hospitals that fail to meet the minimum community investment threshold. The bill also restricts out-of-state spending and transactions for covered hospitals, with the amount spent out of state not to exceed the total margins earned in Colorado. Finally, the bill places reporting requirements on hospitals that participate in the Hospital Community Benefit Program and requires HCPF to review the reports and conduct a stakeholder meeting. As part of these requirements, the bill requires the Office of the State Auditor to calculate the federal, state, and local tax exemption received by each hospital. HCPF can enforce compliance with the bill through fines and additional reporting requirements. Committee members asked the bill sponsor questions.

Executive Director Kim Bimestefer, representing the Colorado Department of Health Care Policy and Financing, testified in support of the bill.

Special Financing Division Director Nancy Dolson, representing the Colorado Department of Health Care Policy and Financing, testified in support of the bill.

Vincent Atchity, representing Mental Health Colorado, testified in support of the bill.

Daniel Darting, representing the Colorado Providers Association, testified in support of the bill.

Committee members asked the panel questions.

Mrs. Kyra deGruy Kennedy, representing Young Invincibles, testified in support of the bill.

Katherine Wallat, representing the Colorado Center on Law and Policy, testified in support of the bill.

Ms. Isabel Cruz, representing the Colorado Consumer Health Initiative, testified in support of the bill.

Committee members asked the panel questions.

Josh Ewing, representing the Colorado Hospital Association, testified in a neutral position on the bill.

Mr. Rich Mauro, representing the Denver Regional Council of Governments, testified in support of the bill.

Katie Tiernan, representing Intermountain Health, testified in support of the bill.

Mr. Kenneth Maestas, representing The Colorado Cross Disability Coalition, testified in support of the bill.

Additional written testimony may be found in Attachment D.

The committee recessed.

The committee resumed.