The Colorado House of Representatives brought HB 13-1290 to the floor for a final vote on Monday April 22. It passed the House and has now been sent to the Colorado Senate. It is currently awaiting a hearing date in the Senate Health Committee.
As previously reported, HB 13-1290, sponsored by Rep. Beth McCann, would raise minimum stop-loss attachment point requirements, impose new reporting requirements on stop-loss carriers, and empowers the insurance commissioner with potential problematic unilateral rule-making authority. Such action may also be preempted by ERISA to the extent that the real intent of the bill is to restrict the ability of employers to self-insure.