HB24-1035
Modernize Health Benefit Exchange Governance
Concerning technical modifications to the laws governing the Colorado health benefit exchange, and, in connection therewith, modifying the criteria for membership on and the number of meetings of the Colorado health insurance exchange oversight committee, adjusting the timeline for certain reports and presentations regarding the operations of the exchange, and directing the exchange to annually present its financial and operational plans and major board actions to the committee.
Session:
2024 Regular Session
Subject:
Bill Summary
Health Care & Health Insurance
The act modifies provisions governing the Colorado health benefit exchange (exchange) by:
- Eliminating the requirement for the board of directors of the exchange (board) to submit a report on the development of the exchange to the governor and the general assembly by January 15 and instead requiring the report to be submitted annually and to address open enrollment;
- Requiring the board to also present an open enrollment update to specified legislative committees during each legislative session;
- Requiring the exchange, rather than the board, to annually present to the Colorado health insurance exchange oversight committee (committee) the exchange's financial and operational plans and the major actions taken by the board; and
- Modifying the number of meetings of the committee during the interim.
APPROVED by Governor April 4, 2024
EFFECTIVE August 7, 2024
(Note: This summary applies to this bill as enacted.)