Source: Colorado Politics

April 20, 2022

Gov. Jared Polis kicked off this year’s session with a laudable promise: “saving Coloradans money and keeping our state affordable is my top priority this session.” Health insurers support the sentiment, but key features of this year’s legislative agenda undermine the Polis pledge.

Nowhere is this more apparent than in the recent introduction of the House Bill 22-1370: Coverage Requirements for Health-Care Products. The legislation purports to help reduce consumer drug spending, but in reality, it will raise the costs of premiums for Coloradans by an estimated $17 to $36 per member, per month. That equates to a 5.7% to 13.6% increase in premium cost for each member per month in order to line Big Pharma’s pockets. It will increase health care costs for Coloradans.