Legislative declaration

Colo. Rev. Stat. § 10-16-1502, under Insurance.

Colo. Rev. Stat. § 10-16-1502

(1) The general assembly declares that the purpose of this part 15 is to:

(a) Prohibit a pharmacy benefit manager or carrier from imposing fees, charge backs, or other adjustments on covered entities or contract pharmacies based on their participation in the 340B drug pricing program;

(b) Prohibit a pharmacy benefit manager or carrier from requiring a claim for a drug to include a modifier to indicate that the drug is a 340B drug unless the claim is for payment, directly or indirectly, by the medicaid program; and

(c) Provide for powers and duties of the commissioner and the division.

Source: L. 2022: Entire part added, (HB 22-1122), ch. 312, p. 2230, � 1, effective August 10.