Actuarial Review of Health Benefit Coverage Legislative Proposals

On June 8, 2022, Governor Polis signed Senate Bill (SB) 22-040, which directs the Division of Insurance (Division) to hire contractors to conduct an actuarial review of legislative proposals that may impose a new health benefit coverage on health benefit plans or reduce or eliminate coverage under health benefit plans. The law creates a process for an objective, independent analysis of legislative proposals involving health benefit coverage proposals, to ensure that policymakers have data to consider whether and how benefit changes may impact costs, health outcomes, and long-term system savings, particularly for those who have historically and systemically faced barriers to health care. 

The Division has additionally been directed, through bills passed by the Colorado General Assembly, to conduct similar actuarial analyses of legislative proposals outside of the SB 22-040 process.