Colorado Statutes
§ 10-16-1410 — Use of savings - report - rules
Colorado § 10-16-1410
This text of Colorado § 10-16-1410 (Use of savings - report - rules) is published on Counsel Stack Legal Research, covering Colorado primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Colo. Rev. Stat. § 10-16-1410 (2026).
Text
(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, prioritizing
the reduction of out-of-pocket costs for prescription drugs.
(2)On or before March 15, 2023, and on or before March 15 each year
thereafter, each state entity and each carrier that issues a health benefit plan or
optional participating plan shall submit to the board a report describing the savings
achieved during the preceding plan year for each prescription drug for which the
board established an upper payment limit during the preceding year and how those
savings were used to satisfy the requirement
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Legislative History
Source: L. 2021: Entire part added, (SB 21-175), ch. 240, p. 1273, � 2, effective
June 16.
Nearby Sections
15
§ 10-1-101
Legislative declaration§ 10-1-102
Definitions§ 10-1-105
Actuary§ 10-1-107
Personal fees prohibited§ 10-1-109
Rules of commissioner§ 10-1-111
Invoking aid of courts§ 10-1-113
No seal required on policies§ 10-1-114
Sale of premium notes prohibited§ 10-1-115
Penalty§ 10-1-116
Defamation of other companies - penalty§ 10-1-117
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Bluebook (online)
Colorado § 10-16-1410, Counsel Stack Legal Research, https://law.counselstack.com/statute/co/10/10-16-1410.