h_fin_2018a_2018-04-23t13:35:32z3 Hearing Summary CLICS/CLICS2018A/commsumm.nsf PUBLICBILL SUMMARY For HB18-1392HOUSE COMMITTEE ON FINANCEDate Apr 23, 2018 Location LSB A HB18-1392 - Amended, referred to House Appropriations Attachment Tag File Name Attachment F http://www2.leg.state.co.us/CLICS/CLICS2018A/commsumm.nsf/0/419717DB2DBC...$File/18HouseFin0423AttachF.pdf?OpenElement 18HouseFin0423AttachF.pdf Attachment E http://www2.leg.state.co.us/CLICS/CLICS2018A/commsumm.nsf/0/510FC85A5A64...$File/18HouseFin0423AttachE.pdf?OpenElement 18HouseFin0423AttachE.pdf Attachment G http://www2.leg.state.co.us/CLICS/CLICS2018A/commsumm.nsf/0/964E3AC53F2A...$File/18HouseFin0423AttachG.pdf?OpenElement 18HouseFin0423AttachG.pdf 03:06:54 PM Representatives Kennedy and Rankin, co-prime sponsors, presented House Bill 18-1392, which requires the Commissioner of Insurance to seek federal approval to establish a reinsurance program to lower health insurance premiums. Committee members received amendments L.004 and L.005 [Attachments E and F, respectively]. 03:11:42 PM Mr. Mike Conway, representing the Colorado Division of Insurance, testified in support of the bill. 03:13:06 PM Mr. David Pinkert, representing Friday Health Plans, testified in support of the bill. 03:15:43 PM Ms. Erin Miller, representing the Colorado Children's Campaign, testified in support of the bill. 03:18:10 PM Ms. Sarah Vaine, representing Summit County Government, testified in support of the bill. Committee members received a fact sheet about the bill [Attachment G]. 03:20:18 PM Mr. Conway responded to committee questions. 03:23:33 PM Mr. Marc Reece, representing AETNA, testified in opposition to the bill. 03:26:10 PM Ms. Loren Furman, representing the Colorado Chamber of Commerce, testified in opposition to the bill. 03:28:28 PM Motion Adopt amendment L.004 [Attachment E]. Moved Kennedy Seconded Michaelson Jenet Beckman Excused Benavidez Covarrubias Gray Herod Kennedy Lawrence Michaelson Jenet Sandridge Thurlow Van Winkle Foote Pabon YES: 0 NO: 0 EXC: 1 ABS: 0 FINAL ACTION: Pass Without Objection 03:29:29 PM Motion Adopt amendment L.005 [Attachment F]. Moved Kennedy Seconded Michaelson Jenet Beckman Benavidez Covarrubias Gray Herod Kennedy Lawrence Michaelson Jenet Sandridge Thurlow Van Winkle Foote Pabon YES: 0 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: Pass Without Objection 03:29:39 PM The bill sponsors made closing comments on the bill. Members of the committee commented on the merits of the bill. 03:34:48 PM Motion Refer House Bill 18-1392, as amended, to the Committee on Appropriations. Moved Kennedy Seconded Gray Beckman Excused Benavidez Yes Covarrubias No Gray Yes Herod Yes Kennedy Yes Lawrence No Michaelson Jenet Yes Sandridge No Thurlow No Van Winkle No Foote Yes Pabon Yes Final YES: 7 NO: 5 EXC: 1 ABS: 0 FINAL ACTION: PASS