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That doesn't mean CTLA won't bring another fight over damages caps in the future, she said.

"Never say never," Jones Dulin said.

Dr. Omar Mubarak, president of the physician group Colorado Medical Society, said CTLA's original proposal would have increased healthcare costs for people across the state.

"Instead, the medical community did the right thing by our patients and compromised on the numbers in order to preserve the cap, protect confidentiality and stabilize our healthcare system as a whole," Mubarak said in a news release.

CPPA and other health industry groups also sponsored a separate bill, S.B. 24-130, that would have raised the cap for medical malpractice claims to $500,000, but abandoned the proposal after the compromise was reached.

H.B. 1472, which was backed by both Democratic and Republican lawmakers, also allows a sibling to bring a wrongful death action if the deceased person did not have a surviving spouse, heirs, or designated beneficiary and had no surviving mother or father.

Polis and lawmakers announced the deal to avoid the ballot measure fight on May 5.

Republican State Sen. Bob Gardner, one of the sponsors of H.B. 1472, believes the law will result in "somewhat higher rates for people who have liability insurance policies" but also balances the interests of people seeking to recoup damages after injuries.

"I have voted against raising noneconomic damages caps on multiple occasions in my sixteen sessions of the Legislature, so to be able to vote on a very real compromise that I think made both sides equally unhappy and happy at the same time is a good solution," Gardner said.