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Colo. Rev. Stat. § 10-16-1409 Colorado prescription drug affordability advisory council - created - membership - powers and duties
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(1) (a) The Colorado prescription drug affordability advisory council is created in the division to provide stakeholder input to the board regarding the affordability of prescription drugs. The advisory council is a type 2 entity, as defined in section 24-1-105. The advisory coun…
Colo. Rev. Stat. § 10-16-141 Medication synchronization services - cost sharing for partial refills - dispensing fees
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(1) A carrier offering an individual or group health coverage plan in this state that provides prescription drug coverage shall offer, as part of the plan, medication synchronization services developed by the carrier that allow for the alignment of refill dates for a covered pers…
Colo. Rev. Stat. § 10-16-1410 Use of savings - report - rules
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(1) Any savings generated for a health benefit plan that are attributable to the establishment of an upper payment limit established by the board pursuant to section 10-16-1407 must be used by the carrier that issues the health benefit plan to reduce costs to consumers, prioritiz…
Unlawful acts - enforcement - penalties
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(1) On and after January 1, 2022, it is unlawful for any person to purchase or reimburse a payer for a prescription drug for which the board has established an upper payment limit pursuant to section 10-16-1407 at an amount that exceeds the upper payment limit established by the …