The Senate Health
and Human Services Committee held a public hearing for Senate Bill 21-1232
on May 17, 2021, in the Old Supreme Court Chambers. During the meeting,
public testimony was heard and the committee members discussed the bill.
then laid the bill over for action only until May 19, 2021.
prime sponsor, responded to questions about the bill. The bill directs
the Commissioner of Insurance to develop a standardized health insurance
plan that private health insurance carriers must offer; sets targets for
premium rate reductions under the plan; and creates a process by which
providers may be required to accept rates established by state regulators.
It increases state expenditures and creates a General Fund diversion on
an ongoing basis.