Colorado Medical Society

Introduced by: Arapahoe-Douglas-Elbert Medical Society

Subject: National Prompt Payment Statute

Referred to: Reference Committee on Health Affairs

WHEREAS, in 1999 the Colorado Medical Society successfully enacted the

Prompt Payment of Claims Statute (General Provisions 10-16-106.5. of Article16, Title 10 of the Insurance Code), and

WHEREAS, in 2001 the Colorado Medical Society successfully amended the

Prompt Payment of Claims Statute to add penalties and interest for noncompliance with the required time frames, and

WHEREAS, a large percentage of managed care companies with which Colorado physicians contract are based in other states and, therefore, are not under the jurisdiction of the Colorado Division of Insurance, therefore be it

RESOLVED, that the Colorado Medical Society Delegation to the American

Medical Association take to the AMA House of Delegates a resolution calling for federal legislation that would extend the Colorado Prompt Payment Statute nationwide.

FISCAL IMPACT: None