SB 23-093 - Prohibits Annual Medical Debt Interest from Exceeding 3% - Colorado Key Vote

Timeline

Stage Details

Title: Prohibits Annual Medical Debt Interest from Exceeding 3%

See How Your Politicians Voted

Title: Prohibits Annual Medical Debt Interest from Exceeding 3%

Vote Smart's Synopsis:

Vote to pass a bill that prohibits annual medical debt interest from exceeding 3%.

Highlights:

  • Prohibits annual medical debt interest in the state of Colorado from exceeding 3%.

  • Defines “medical debt” as debt arising from health-care service or health-care goods including,but not limited to, the following (Sec. 2): 

    • Products;

    • Services;

    • Devices;

    • Durable medical equipment; and

    • Prescription drugs.

  • Exempts any debt charged to a credit card from being included in the definition of medical debt (Sec. 2).

  • Authorizes other consumer protections related to health care facilities and debt collection agencies that collect on medical debt (Sec. 3).

See How Your Politicians Voted

Title: Prohibits Annual Medical Debt Interest from Exceeding 3%

Vote Smart's Synopsis:

Vote to pass a bill that prohibits annual medical debt interest from exceeding 3%.

Highlights:

  • Prohibits annual medical debt interest in the state of Colorado from exceeding 3%.

  • Defines “medical debt” as debt arising from health-care service or health-care goods including,but not limited to, the following (Sec. 2): 

    • Products;

    • Services;

    • Devices;

    • Durable medical equipment; and

    • Prescription drugs.

  • Exempts any debt charged to a credit card from being included in the definition of medical debt (Sec. 2).

  • Authorizes other consumer protections related to health care facilities and debt collection agencies that collect on medical debt (Sec. 3).

Title: Prohibits Annual Medical Debt Interest from Exceeding 3%

arrow_upward