medical debt
-
Colorado Senate OKs enforcing price transparency for hospitals
—
by
Update: The House passed Senate Bill 252 in a 61-3 vote on May 7 without any amendments. The bill will now go to the governor for final approval. The Colorado Senate approved a bill Wednesday to allow the state to enforce federal laws requiring hospitals to publicly post prices online. Under Senate Bill 252, hospitals must…
-
Proposal to cap interest rates on medical debt heads to Jared Polis
—
by
An effort to lower interest rates for the more than 700,000 Coloradans with medical debt passed its final vote in the state legislature Thursday – now only needing the governor’s signature to become law. If signed, Senate Bill 93 would cap interest rates at 3% for medical debt, down from the current 8%. The bill would also…
-
Colorado legislature approves removing medical debt from credit scores, reports
—
by
The more than 700,000 Coloradans with medical debt may soon have that debt removed from their credit scores – thanks to a new bill passed by the state legislature. If enacted, House Bill 1126 would prohibit consumer reporting agencies in Colorado from including medical debt in credit reports through July 1, 2028. The bill would also require debt…
-
Senate OKs capping medical debt interest rates in Colorado
—
by
An effort to lower interest rates for the more than 700,000 Coloradans with medical debt took a major step forward on Friday, receiving approval from the state Senate. If passed into law, Senate Bill 93 would cap interest rates at 3% for medical debt, down from the current 8%. The bill would also pause debt collections when…
-
Colorado House OKs removing medical debt from credit scores, reports
—
by
More than 700,000 Coloradans have medical debt. A new bill is seeking to remove that debt from their credit scores and credit reports. The state House of Representative passed House Bill 1126 on Tuesday. If enacted, the bill would prohibit consumer reporting agencies in Colorado from including medical debt in credit reports and require debt…
-
Colorado bill would cap medical debt interest, implement other consumer protections
—
by
Cindy Powers underwent emergency surgery to fix a life-threatening abdominal obstruction in 2004. Over the next five years, she received 18 additional surgeries to address complications, infections and hernias, before her condition was finally fixed in 2009. But while her medical nightmare had come to an end, the financial nightmare was just beginning. Even with…
-
Colorado hospitals to screen low-income patients for discounts, cap monthly billings
—
by
Beginning on Thursday, Colorado hospitals must screen low-income patients for discounts or public health insurance programs and limit the monthly medical bills they can be charged. Eligible Coloradans include those with household incomes at or under 250% of the federal poverty level — up to $69,375 for a family of four. If a patient is…
-
Colorado bans hospitals from pursuing debt collection without price transparency
—
by
Hospitals in Colorado will soon face a ban on pursuing debt collections against patients if they do not post their prices online – thanks to legislation signed into law by Gov. Jared Polis on Wednesday. Beginning in August, House Bill 1285 prohibits hospitals not following federal price transparency laws from using debt collectors, filing negative credit…
-
Gov. Polis signs protections for ride-sharing passengers in hit-and-runs
—
by
Ride-sharing companies, such as Lyft and Uber, will soon have to cover medical bills of passengers injured during hit-and-runs in their vehicles – thanks to Colorado legislation signed into law on Tuesday. Beginning in August, House Bill 1089 will require transportation network companies to carry uninsured motorist coverage on their auto policies. Currently, the companies…
-
Colorado legislature OKs banning medical debt collection without price transparency
—
by
Hospitals in Colorado could soon be banned from pursuing debt collections against patients if they do not post their prices online, thanks to legislation passed by state lawmakers on Tuesday. If enacted, House Bill 1285 would prohibit hospitals not following federal price transparency laws from using debt collectors, filing negative credit reports against patients and…
