Categorized | Colorado News, News

Colorado Hospital Health Care Cost Transparency Law

Governor Polis has signed a bipartisan hospital health care cost transparency bill into law.   Starting in 2020, the law will require hospitals to annually submit uncompensated costs and expenditures to the Department of Health Care Policy and Finance for review.  The law is a fact finding effort to give law makers more data for policy decision.

The data will result in an annual report from the DHCPF on hospital expenditures to analyze pricing decisions and cost comparisons for the reporting hospitals.  Of interest is both the difference between private carrier pricing and that for Medicare and Medicaid bills, and the overall rise in hospital costs.  In 2009, these cost were 3 percent above national averages in Colorado.  In 2017/18, those costs have increased to 14 percent above national averages.

Read more at Colorado Public Radio.

Read more from the Governor’s Office.

Read more in the Colorado Sun.

 

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Contact Alexis Hertel at  

ahertel@hmo-info.com

(303) 322-2228

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HCCA, publishers of the Colorado Managed Care Newsletter, began reporting on the financing of healthcare in Colorado in December of 1983. As we begin our 35th year, we are grateful for the opportunity to be one of your sources of information in this ever-changing, healthcare market.