Colorado § 10-16-1502 Legislative declaration

Colorado Statutes

§ 10-16-1502 — Legislative declaration

Colorado·Title 10 Insurance·Art. Health-care Coverage

(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.

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(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.

Colorado § 10-16-1502 (Legislative declaration) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.