Colorado Health Insurance Balance Billing Law

Colorado health insurance : The Colorado Division of Insurance issued its long anticipated report regarding the effects of the state’s balance billing law, which is subject to automatic repeal on July 1, 2010, absent legislative intervention. The statute prohibits consumers from being balance billed while requiring insurers to reimburse out-of-network physicians their billed rates as the “allowed charge.” Commissioner Morrison is recommending against allowing the law to sunset, citing reduced complaints and the fact that many carriers have found ways to negotiate billed charges to a reasonable amount

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