A legislative effort to require reporting by health care sharing ministries in Colorado passed its first hurdle Friday, receiving approval from the House Health and Insurance Committee.
Health care sharing ministries have surged in popularity in recent years, with supporters describing them as cheaper alternatives to insurance and opponents calling them scams. If enacted, House Bill 1269 would require health care sharing ministries and other non-insurance entities that cover medical costs to submit annual reports to the state, including how much money members pay versus how much in medical bills the entities cover.
“Currently, very little information is known about these arrangements,” said bill sponsor Rep. Susan Lontine, D-Denver, adding that many people don’t recognize the “financial risk” of joining such entities. “People need to know why they are priced lower and how they may impact them long-term.”