HB 14-1192 Summary

• Repeals the "Colorado Health Benefit Exchange Act" effective January 1, 2015, eliminating the state health benefit exchange and its board of directors.

• Requires the state board to transfer any unencumbered moneys remaining in the exchange to the state treasurer for deposit in the general fund by January 1, 2015.

• Removes references to the Colorado health benefit exchange from insurance regulations regarding special enrollment periods, rate filing, risk pools, and data collection requirements.

• Modifies the CoverColorado program fund disposition process by removing the requirement to transfer 25 percent of remaining funds to the health benefit exchange entity.

• Takes effect August 6, 2014, unless subject to a referendum petition, in which case it requires approval by Colorado voters at the November 2014 general election.