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Legislative Year: 2024 Change
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Bill Detail: SB24-077

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Title Prescription Drug Manufacturer Requirements
Status Senate Committee on Health & Human Services Postpone Indefinitely (03/07/2024)
Bill Subjects
  • Health Care & Health Insurance
House Sponsors K. McCormick (D)
Senate Sponsors D. Michaelson Jenet (D)
S. Jaquez Lewis (D)
House Committee
Senate Committee Health and Human Services
Date Introduced 01/22/2024
Summary

The bill requires each manufacturer of a prescription drug that is
available for purchase in this state (manufacturer) to register with and pay
a fee to the division of insurance.
The bill requires a manufacturer to offer a copayment assistance
program to a covered person, either for the entire plan year or for the
calendar year, whichever the deductible and out-of-pocket calculation
applies to, for as long as the covered person is enrolled in the health
benefit plan.
A manufacturer that violates the requirements commits an unfair
method of competition and an unfair or deceptive act or practice in the
business of insurance.

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