Saving Coloradans Money on Health Care: Governor Polis and Lt. Governor Primavera Launch Colorado Hospital Price Finder New tools add more transparency in health care

DENVER - Today, Governor Polis, Lt. Governor Primavera, and PatientRightsAdvocate.org (PRA) launched the Colorado Hospital Price Finder, a tool from a non-profit powered by information made available under HB22-1285, a law signed by Governor Polis to connect Coloradans with services, increase price transparency, and save people money on health care. This tool compliments the state-generated price transparency initiative Governor Polis and the Department of Health Care Policy and Financing announced earlier this year, empowering Coloradans with the information they need about the cost of care.

"Saving Coloradans money on health care is a top priority and I am excited to help launch this new and free Colorado Hospital Price Finder to make healthcare pricing more competitive and save people money on healthcare. I am excited to see more of these tools online because the more transparency the better for all of us. We will continue to ensure Colorado's competitive health care market provides high-quality care to everyone at lower costs and provide more clarity on the true cost of health care," said Governor Polis.

The Polis-Primavera Administration in partnership with the legislature has passed landmark bipartisan laws that build off of federal standards to improve hospital price transparency and lower health care costs for hardworking Coloradans.

"For far too long there has been a veil of secrecy and confusion that has made it hard for payers, whether that's employers, municipalities, school districts, and other purchasers of health care, to negotiate lower prices with hospitals. This tool breaks down barriers, and helps purchasers and policymakers access the information they need to lower costs for consumers," said Lt. Governor Primavera. Lt. Governor Primavera leads the Office of Saving People Money on Health Care.

HB22-1285 - Prohibiting Collection Hospital Not Disclosing Prices, sponsored by Representatives Patrick Neville and Daneya Esgar, and Senators Dominick Moreno and John Cooke, prohibited hospitals from taking debt collection action against a patient if the hospital was not in compliance with federal reporting requirements. SB23-252 - Medical Price Transparency, sponsored by Senators Kevin Van Winkle and Julie Gonzales, and Representatives Lindsay Daugherty and Anthony Hartstook, requires hospitals to make reimbursement rates publicly accessible. The Administration recently announced that the landmark reinsurance initiative will save Coloradans $493 million on health care premiums in 2025. Without the reinsurance initiative, costs would be higher for hardworking Coloradans.

This new service provides Coloradans the ability to research all available prices at every hospital and shop for the care that works for individuals and families. The new and free tool shows the total price that the hospital charges each payer, although the final amount charged to Coloradans depends on each person's insurance plan and coverage. Coloradans can learn more about the Colorado Hospital Price Finder and service rates at ColoradoHospitalPrices.com.

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