Bill
HB 1012
Colorado bill requiring health insurers and pharmacy benefit managers to disclose prescription drug costs and coverage details to consumers before purchase to improve transparency.
HB 1012 would require health insurance plans and pharmacy benefit managers (PBMs) to provide transparent information to consumers about prescription drug costs, coverage limitations, and formulary details before they incur expenses. The bill aims to give patients better visibility into their out-of-pocket costs and coverage terms at the point of prescribing.
Prescription drug costs are a major healthcare expense for Colorado residents, and lack of price transparency often leaves patients surprised by unexpected costs at the pharmacy. Better upfront information enables consumers to make informed decisions about their medications, compare treatment options, and potentially negotiate better pricing or seek alternatives—ultimately reducing financial hardship and improving medication adherence.
Compiled from official sources — confirm details with the bill’s official record.
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