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Focus Turns on Health Care Costs in Colorado

The Colorado Hospital Association (CHA) released a report – “Health Care Costs and Hospitals: Drivers and Opportunities” – that examines a number of components that are tied to health care costs and affordability.

Colorado spent the 5th lowest amount per capita on health care in 2014 (the most recent year for national expenditure data) and nearly 17 percent less per person than the national average. This report examines those comparisons to national data, as well as the role of the cost of living in Colorado and its impact on administrative and capital costs for hospitals; the correlation between hospital overhead costs and health insurance premiums and how hospital building and development compares to national trends.

Meanwhile, State legislators have put forward a bill – HB19-1001 Hospital Transparency Measures To Analyze Efficacy – which would require hospitals to share more of their financial information with the Colorado Department of Health Care Policy and Financing. The bill was approved by the state committee and will next go to the House.

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