Date: 10/27/2015
Final
Committee Bill Drafts -- Discussion and Vote - Bill 2
HEALTH CARE EXCHANGE
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10:02 AM -- Committee Bill Drafts -- Discussion and Vote - Bill 2
Christy Chase, Office of Legislative Legal Services, provided an overview of the Bill 2 (Attachment E). The bill requires the Commissioner of Insurance to apply for a waiver from the requirement of the federal PPACA that mandates that certain employers offer health insurance coverage to their employees. In lieu of employer-sponsored health coverage, the waiver will allow employers to make a monetary contribution on behalf of their employees so that the employees can purchase health coverage for themselves on the Colorado health benefit exchange. The Commissioner of Insurance is required to develop a health insurance shared responsibility program through which employers of any size may opt to participate and provide a contribution for their employees to purchase health insurance. Participating large employers following the waiver program guidelines will not be subject to fines under the federal PPACA for failure to provide health coverage. The Department of Health Care Policy and Financing (HCPF) is required to assist in the development of the waiver and establishment of the program.
151027 AttachE.pdf
10:04 AM
Mr. Zepernick reviewed the fiscal note for the bill (Attachment F).
151027 AttachF.pdf
10:05 AM
Senator Kefalas, who initially suggested the bill draft, stated his intent to withdraw the bill. The committee discussed the bill. No motion was made to forward the bill to Legislative Council.