Colorado Launches Hospital Price Comparison Tool

Colorado Governor Jared Polis has launched the Colorado Hospital Price Finder, a new online tool aimed at improving price transparency in healthcare. This initiative allows residents to search and compare hospital prices for various medical procedures based on their insurance plans. The tool, developed in partnership with PatientRightsAdvocate.org, utilizes data from a 2022 law mandating hospitals to disclose pricing and prohibits debt collection against non-compliant hospitals. Polis emphasized that this resource will enable consumers to make informed decisions, potentially lowering healthcare costs. The governor's administration aims to foster a competitive healthcare market through transparency, while also recently introducing other pricing initiatives. Overall, this effort addresses long-standing issues of secrecy in healthcare pricing and seeks to empower patients in their healthcare choices.