SB 24-077

Abstract

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. (Note: This summary applies to this bill as introduced.)