Senators Winter and Priola, bill sponsors, presented Senate Bill 20-005 and distributed amendments L.001 and L.003 (Attachments D and E). The bill prohibits health insurance carriers from inducing, incentivizing, or otherwise requiring a health care provider to collect any coinsurance, copayment, or deductible (cost-sharing payments) directly from a covered person or the covered person's responsible party. The bill also prohibits inducing, incentivizing, or otherwise requiring a covered person to pay any cost-sharing payments directly to their health care provider. Additionally, health insurance carriers must collect any cost-sharing payments owed by a covered person or the covered person's responsible party in a single consolidated bill. Violation of these requirements is an unfair method of competition, an unfair or deceptive act or practice in the business of insurance, and a deceptive trade practice.
These requirements would apply to health insurance plans issued or renewed on or after the bill's effective date.