This text of Minnesota § 62J.842 (EXCESSIVE PRICE INCREASES PROHIBITED) is published on Counsel Stack Legal Research, covering Minnesota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Subdivision 1.Prohibition.
No manufacturer shall impose, or cause to be imposed, an excessive price increase, whether directly or through a wholesale distributor, pharmacy, or similar intermediary, on the sale of any generic or off-patent drug sold, dispensed, or delivered to any consumer in the state.
Subd. 2.Excessive price increase.
A price increase is excessive for purposes of this section when:
(1)the price increase, adjusted for inflation utilizing the Consumer Price Index, exceeds:
(i)15 percent of the wholesale acquisition cost over the immediately preceding calendar year; or
(ii)40 percent of the wholesale acquisition cost over the immediately preceding three calendar years; and
(2)the price increase, adjusted for inflation utilizing the Consumer Price Index, exceeds $30 for
Free access — add to your briefcase to read the full text and ask questions with AI
Subdivision 1.Prohibition.
No manufacturer shall impose, or cause to be imposed, an excessive price increase, whether directly or through a wholesale distributor, pharmacy, or similar intermediary, on the sale of any generic or off-patent drug sold, dispensed, or delivered to any consumer in the state.
Subd. 2.Excessive price increase.
A price increase is excessive for purposes of this section when:
(1) the price increase, adjusted for inflation utilizing the Consumer Price Index, exceeds:
(i) 15 percent of the wholesale acquisition cost over the immediately preceding calendar year; or
(ii) 40 percent of the wholesale acquisition cost over the immediately preceding three calendar years; and
(2) the price increase, adjusted for inflation utilizing the Consumer Price Index, exceeds $30 for:
(i) a 30-day supply of the drug; or
(ii) a course of treatment lasting less than 30 days.
Subd. 3.Exemption.
It is not a violation of this section for a wholesale distributor or pharmacy to increase the price of a generic or off-patent drug if the price increase is directly attributable to additional costs for the drug imposed on the wholesale distributor or pharmacy by the manufacturer of the drug.