SB17-065: Transparency in Health Care Prices

• Health care providers must publicly disclose prices for at least the 15 most common services they provide, either electronically or by posting on their website (or in patient waiting areas for small solo practices with 6 or fewer providers).

• Health care facilities must disclose prices for at least 50 most-used inpatient diagnosis-related group codes and 25 most-used outpatient CPT codes, updated at least annually.

• Prices must be identified by procedural terminology codes and plain English descriptions, and include disclaimers that posted prices are estimates and may not reflect actual patient financial responsibility.

• Providers and facilities are prohibited from reporting prices to any agency for review or regulation, and no entity may punish recipients or providers for participating in direct-pay arrangements or exercising rights under this law.

• Effective January 1, 2018, unless a referendum petition is filed within 90 days after legislative adjournment, in which case the law takes effect only if approved by Colorado voters in November 2018.