The bill makes changes to the Colorado Standardized Health
Benefit Plan Act to:
•
Require the Colorado health benefit exchange (exchange), with the consent of the commissioner of insurance (commissioner), to develop a format for displaying the standardized plans on the exchange; •
Grant the commissioner 120 days to review the rate filings for standardized plans instead of the current 60 days;
•
Require a carrier to notify the commissioner of the steps the carrier will take to meet premium rate requirements if the carrier is unable to offer a standardized plan;
•
Make changes to the requirements for public hearings held by the commissioner for carriers who are unable to offer the standardized plan; and
•
Specify that decisions of the commissioner are final agency actions subject to judicial review in the court of appeals.
