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HB 25-1094 CO
Became Law

Pharmacy Benefit Manager Practices

CO · session 2025A · Assembly / House · bill

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Introduced Jan 27, 2025

Latest action (May 30, 2025) Introduced In House - Assigned to Health & Human Services

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)

26 coauthors / cosponsors

Action history (18)

  1. May 30, 2025 Governor Signed · executive
  2. May 13, 2025 Sent to the Governor · executive
  3. May 13, 2025 Signed by the President of the Senate · upper
  4. May 13, 2025 Signed by the Speaker of the House · lower
  5. May 7, 2025 House Considered Senate Amendments - Result was to Concur - Repass · lower
  6. May 6, 2025 House Considered Senate Amendments - Result was to Laid Over Daily · lower
  7. May 6, 2025 Senate Third Reading Passed - No Amendments · upper
  8. May 5, 2025 Senate Third Reading Laid Over Daily - No Amendments · upper
  9. May 2, 2025 Senate Second Reading Special Order - Passed with Amendments - Committee · upper
  10. Apr 30, 2025 Senate Committee on Appropriations Refer Unamended to Senate Committee of the Whole · upper
  11. Apr 24, 2025 Senate Committee on Health & Human Services Refer Amended to Appropriations · upper
  12. Mar 20, 2025 Introduced In Senate - Assigned to Health & Human Services · upper
  13. Mar 17, 2025 House Third Reading Passed - No Amendments · lower
  14. Mar 14, 2025 House Second Reading Special Order - Passed with Amendments - Committee, Floor · lower
  15. Mar 11, 2025 House Second Reading Laid Over Daily - No Amendments · lower
  16. Mar 7, 2025 House Committee on Appropriations Refer Unamended to House Committee of the Whole · lower
  17. Feb 19, 2025 House Committee on Health & Human Services Refer Amended to Appropriations · lower
  18. Jan 27, 2025 Introduced In House - Assigned to Health & Human Services · lower

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