Representative Lontine, bill sponsor, introduced Senate Bill 22-040. The bill creates a process for the actuarial review of proposed legislation that may impose a new health benefit coverage mandate or reduce or eliminate coverage mandated under health benefit plans. By September 1, 2022, the Division of Insurance (DOI) in the Department of Regulatory Agencies must facilitate a stakeholder meeting concerning actuarial review methodology. By November 1, 2022, the DOI must contract for actuarial support to conduct reviews of up to six bills; however, the DOI must have adequate resources within existing appropriations before it compensates an actuarial contractor.

Mr. Stuart Jenkins, representing Healthier Colorado, testified in support of the bill. Deb Judy, representing DOI, testified in support of the bill. Jason Hopfer, representing the Colorado Association of Health Plans, testified in an amend position on the bill. The panelists responded to questions from the committee.