s_sa_2017a_2017-05-03t13:38:55z10 Hearing Summary

Date: 05/03/2017

Location: SCR 357

08:05 PM -- HB17-1318



Senator Coram, co-prime sponsor, presented House Bill 17-1318 to the committee. This bill requires health insurers to submit various information to the Division of Insurance (DOI) in the Department of Regulatory Agencies (DORA) on the cost of pharmaceuticals covered under individual and group health insurance plans. Data must be submitted by March 31, 2018, and each March 31 through 2020. In the first year, carriers must provide cost data for 2015 through 2017, and then in future years for the prior calendar year only. The DOI must aggregate data submitted by insurers and submit a report to the Governor and the Health and Human Services committees of the General Assembly by December 1 each year from 2018 through 2020. Information on pharmaceutical costs must also be presented by DORA during its SMART Government Act hearing. The bill places certain limits on data reporting by the DOI to ensure that prices paid by single carriers are not disclosed and that only aggregated information is presented. The report may not list the names of individual health insurance carriers or pharmaceutical companies, and must identify pharmaceuticals by their drug class rather than individual product names.



08:09 PM -- Charlie Sheffield, representing the Colorado Association of Health Plans, testified against the bill. He provided two reports to committee members (Attachments O and P).



17SenateState0503AttachO.pdf 17SenateState0503AttachP.pdf



08:11 PM -- Peg Brown, representing the Colorado Division of Insurance, testified in support of the bill.



08:12 PM -- Tim Gaudette, representing Small Business Majority, testified in support of the bill.



08:14 PM -- Debra Judy, representing the Colorado Consumer Health Initiative, testified in support of the bill.





08:15 PM



Mr. Sheffield responded to committee member questions.





08:20 PM



Senator Kefalas, co-prime sponsor, commented on the bill. He presented amendment L.003 (Attachment Q). Senators Kefalas and Coram wrapped up their presentation of the bill.



17SenateState0503AttachQ.pdf