Senate Bill 17-267, which just passed the Colorado General Assembly, means that the Hospital Provider Fee will no longer count against the TABOR cap in the state budget and can be fully funded in order to provide hospitals the funding necessary to care for Colorado’s most vulnerable patients. By separating this money from the general fund, Colorado hospitals will have stability and reliability in funding that wasn’t possible as the state balanced its budget each year. This will allow hospitals to return to longer-term strategic planning for the health and health care in their communities. This is crucial as hospitals face uncertain times due to changes in funding for health care at the federal level.
“We are extremely grateful for Sens. Jerry Sonnenberg and Lucia Guzman and Reps. KC Becker and Jon Becker and to Governor John Hickenlooper for their leadership on this issue and for understanding what was at stake for rural communities and specifically for hospitals in this year’s state budget,” said Steven Summer, CHA president and CEO. “Their ability to bridge the partisan divide and put the people of Colorado first should be a model for the future and the nation. This is a good day for the health of all Coloradans.”