§ 24-50-1117. Implementation and Administration – Costs
Costs associated with the implementation or administration of this part 11 during the 2020-21 and 2020-22 state fiscal years shall be paid from the COVID heroes collaboration fund, created in section 24-50-104 (1)(k). For the 2022-23 state fiscal year and each state fiscal year thereafter, such costs shall be paid from the general fund, subject […]
§ 24-50-1201. Short Title
The short title of this part 12 is the “Colorado Competitive Pharmacy Benefit Managers Marketplace Act”. Source: L. 2021: Entire part added, (HB 21-1237), ch. 217, p. 1144, § 1, effective June 7.
§ 24-50-1202. Legislative Declaration – Intent
The general assembly hereby finds and declares that it is the intent of this act to optimize prescription drug savings by the state by requiring the following: The adoption of a dynamically competitive reverse auction process for state health plan selection of pharmacy benefit managers; The electronic review and validation of pharmacy benefit manager claims […]
§ 24-50-1203. Definitions
As used in this part 12, unless the context otherwise requires: “AWP” means average wholesale price. “Department” means the department of personnel. “GNC” means guaranteed net cost. “Market check” means a technology-driven evaluation of an incumbent PBM’s prescription drug pricing based on benchmark comparators derived from PBM reverse auction processes conducted in the United States […]
§ 24-50-1204. Competitive Pharmacy Benefit Manager – Contract – Requirements
Consistent with the “Procurement Code”, articles 101 to 112 of this title 24, and notwithstanding any other provision of law, the department shall enter into a contract for the services of a pharmacy benefit manager for the administration of benefits under the “State Employees Group Benefits Act”, part 6 of this article 50, in a […]
§ 24-50-1109. Duties of the Certified Employee Organization
In performing its duties under this part 11, the certified employee organization shall represent the interests of all covered employees without discrimination or regard to membership in the certified employee organization, and shall negotiate partnership agreements that apply equally to all covered employees regardless of membership status in the certified employee organization. This does not […]
§ 24-50-1110. Executive and Management Rights
Nothing in this part 11 impairs the ability of the state to: Exercise any right or responsibility reserved to an appointing authority, the director, or the state personnel board pursuant to the state personnel system as described in section 13 of article XII of the state constitution and part 1 of this article 50 and […]
§ 24-50-1111. Duties of the State
The state shall make payroll deductions for membership dues and other payments that covered employees authorize to be made to the certified employee organization and related entities. The certified employee organization and related entities shall be the only employee organization for which the state shall make payroll deductions from covered employees. The state shall honor […]
§ 24-50-1112. Partnership Agreements
Within thirty days after June 16, 2020, if an employee organization is already certified, or within sixty days after an employee organization has been certified pursuant to a representation election, or no later than April 15 of the year preceding the expiration of a partnership agreement, the state shall begin meetings to discuss and cooperatively […]
§ 24-50-1113. Dispute Resolution
If disputes arise during the formation of a partnership agreement, the certified employee organization and the state, to encourage a true cooperative partnership, shall engage in the dispute resolution process established in this section or an alternative procedure established by mutual agreement. All deadlines may be extended pursuant to mutual agreement of the parties. If […]