Colorado Hospitals Support Financial Transparency Legislation to Improve Health Care Affordability
In their ongoing support for meaningful transparency and being part of the solution in managing health care costs and affordability, CHA supports Rep. Chris Kennedy’s House Bill 19-1001, legislation to further hospital cost transparency. The bill will require hospitals to report a number of components to the state’s Department of Health Care Policy and Financing (HCPF) so that the Department can develop an annual report for the General Assembly.
“Colorado hospitals and health systems have long supported transparency measures to improve policymakers’ analysis and provide meaningful information for consumers,” said Katherine Mulready, CHA senior vice president and chief strategy officer. “This bill demonstrates hospitals’ commitment to finding solutions to Colorado’s health care affordability crisis, and it’s an important first step – but certainly not the last one – to expand transparency into how the health care market works. We thank Rep. Kennedy for his commitment to this legislation and for working with CHA on this crucial issue.”
Presuming its enactment into law, CHA will work with member hospitals and health systems to ensure that they can be in compliance with the legislation so that HCPF can develop this important report.
About the Colorado Hospital Association
Colorado Hospital Association (CHA) is the leading voice of Colorado’s hospital and health system community. Representing 110 hospitals and health systems throughout the state, CHA serves as a trusted, credible and reliable resource on health issues, hospital data and trends for its members, media, policymakers and the general public. Through CHA, Colorado’s hospitals and health systems work together in their shared commitment to improve health and health care in Colorado. Learn more at www.cha.com.
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