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Legislative Year: 2024 Change
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Bill Detail: SB24-080

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Title Transparency in Health-Care Coverage
Status Sent to the Governor (05/17/2024)
Bill Subjects
  • Health Care & Health Insurance
House Sponsors M. Young (D)
J. Marvin (D)
Senate Sponsors R. Fields (D)
S. Jaquez Lewis (D)
House Committee Health and Human Services
Senate Committee Health and Human Services
Date Introduced 01/22/2024
Summary

The bill requires health insurance carriers (carriers) to comply with
federal price transparency laws and to make available an internet-based
self-service tool that provides real-time responses to a covered person's
questions concerning carrier prices that are based on cost-sharing
information.
The bill also requires carriers to submit information required by
federal pharmacy benefit and drug cost reporting laws to the
commissioner of insurance. A carrier that violates the requirements of the
bill engages in an unfair method of competition and an unfair or
deceptive act or practice in the business of insurance.

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