Concerning restrictive employment agreements. The bill declares that a covenant not to compete that restricts the right of any person to receive compensation for performance of labor for any employer is void, with certain exceptions. One exception is for a covenant not to compete governing a person who, at the time the covenant not to compete is entered into and at the time it is enforced, earns an amount of annualized cash compensation equivalent to or greater than the threshold amount for highly compensated workers, if the covenant not to compete is for the protection [...]
Concerning the review of medicaid provider rates. Beginning August 1, 2023, the bill requires the state department to establish a schedule so that each provider rate is reviewed at least every 3 years and to provide the schedule to the medicaid provider rate review advisory committee (advisory committee) in addition to the JBC.
Concerning allowing hospitals to include the healthcare affordability and sustainability fee in hospital billing statements. The bill allows a hospital to include the total amount of the healthcare affordability and sustainability fee as a separate line item in its billing statements to increase transparency for patients.
Concerning prohibiting certain practices by entities obligated to pay for prescription drug benefits, and, in connection therewith, making an appropriation.
Concerning alternatives to health insurer prior authorization requirements for health-care providers that achieve a specified approval rate on prior authorization requests.
Concerning a prohibition against a hospital taking certain debt collection actions against a patient if the hospital is not in compliance with hospital price transparency laws. The bill prohibits a hospital or other person or entity collecting on behalf of the hospital from initiating or pursuing collection actions against a patient or patient guarantor for debt incurred by the patient on the date or dates of service when the hospital was not in material compliance with federal hospital price transparency laws.
Provider Tool To View All-payer Claims Database. Concerning the creation of a tool to provide transparency in health claims data submitted to the Colorado all-payer health claims database, and, in connection therewith, making an appropriation. The bill includes minimum requirements for the design of the tool, including how the information will be displayed and searchable by users of the tool. The bill requires the administrator, subject to available appropriations, to update the tool at least annually.
Concerning updates to state surprise billing laws to facilitate the implementation of surprise billing protections, and, in connection therewith, aligning state law with the federal "No Surprises Act" and making an appropriation.