HB 25-1094 CO Became Law
Pharmacy Benefit Manager Practices
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Summary
Beginning January 1, 2027, the act: Allows a pharmacy benefit manager (PBM) to earn income derived from the assessment of a flat-dollar service fee for the provision of a prescription drug; Prohibits a PBM from earning income based on the price or cost of a prescription drug; Prohibits a PBM from designing a formulary to favor a certain branded pharmaceutical or biologic; Requires a PBM to be reimbursed by a health benefit plan for lowering the plan's prescription drug spending over a given period of time and for the direct services the PBM provides to the plan; Sets the amount that a PBM shall reimburse an unaffiliated pharmacy or a PBM-affiliated retail, mail order, or specialty pharmacy for a prescription drug; and Requires a contract between a PBM and a health benefit plan to contain a provision where the PBM discloses prescription drug cost information to the health benefit plan and a provision authorizing the health benefit plan to execute an audit to validate compliance with the contract.(Note: This summary applies to this bill as enacted.)
Sponsors (4)
- Kyle Brown Democratic · primary
- Dusty Johnson Republican · primary
- Byron Pelton Republican · primary
- Dylan Roberts Democratic · primary
26 coauthors / cosponsors
- J. Bacon Democratic · cosponsor
- S. Bird · cosponsor
- A. Boesenecker Democratic · cosponsor
- M. Duran Democratic · cosponsor
- R. English Democratic · cosponsor
- J. Joseph Democratic · cosponsor
- S. Lieder Democratic · cosponsor
- M. Lindsay Democratic · cosponsor
- J. McCluskie Democratic · cosponsor
- K. McCormick Democratic · cosponsor
- A. Paschal Democratic · cosponsor
- E. Sirota Democratic · cosponsor
- L. Smith Democratic · cosponsor
- K. Stewart Democratic · cosponsor
- A. Valdez Democratic · cosponsor
- E. Velasco Democratic · cosponsor
- S. Woodrow Democratic · cosponsor
- Y. Zokaie Democratic · cosponsor
- J. Amabile Democratic · cosponsor
- J. Bridges Democratic · cosponsor
- T. Exum Democratic · cosponsor
- N. Hinrichsen Democratic · cosponsor
- I. Jodeh Democratic · cosponsor
- C. Kipp Democratic · cosponsor
- K. Wallace Democratic · cosponsor
- M. Weissman Democratic · cosponsor
Action history (18)
- May 30, 2025 Governor Signed · executive
- May 13, 2025 Sent to the Governor · executive
- May 13, 2025 Signed by the President of the Senate · upper
- May 13, 2025 Signed by the Speaker of the House · lower
- May 7, 2025 House Considered Senate Amendments - Result was to Concur - Repass · lower
- May 6, 2025 House Considered Senate Amendments - Result was to Laid Over Daily · lower
- May 6, 2025 Senate Third Reading Passed - No Amendments · upper
- May 5, 2025 Senate Third Reading Laid Over Daily - No Amendments · upper
- May 2, 2025 Senate Second Reading Special Order - Passed with Amendments - Committee · upper
- Apr 30, 2025 Senate Committee on Appropriations Refer Unamended to Senate Committee of the Whole · upper
- Apr 24, 2025 Senate Committee on Health & Human Services Refer Amended to Appropriations · upper
- Mar 20, 2025 Introduced In Senate - Assigned to Health & Human Services · upper
- Mar 17, 2025 House Third Reading Passed - No Amendments · lower
- Mar 14, 2025 House Second Reading Special Order - Passed with Amendments - Committee, Floor · lower
- Mar 11, 2025 House Second Reading Laid Over Daily - No Amendments · lower
- Mar 7, 2025 House Committee on Appropriations Refer Unamended to House Committee of the Whole · lower
- Feb 19, 2025 House Committee on Health & Human Services Refer Amended to Appropriations · lower
- Jan 27, 2025 Introduced In House - Assigned to Health & Human Services · lower
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