Colorado Statutes
§ 10-16-1411 — Unlawful acts - enforcement - penalties
(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 board for that prescription drug, regardless of whether the
prescription drug is dispensed or distributed in person, by mail, or by other means.
(2)On and after January 1, 2023, each state entity, carrier, and optional
participating plan shall require compliance with an upper payment limit established
by the board.
(3)The attorney general is authorized to enforce this part 14 on behalf of any
state entity or any consumer of prescription drugs.
(4)Notwithstanding any provision of this part 14 to the co
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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
Company unauthorized in other states