# C.R.S. § 10-16-1410: 10-16-1410. Use of savings - report - rules

> Colorado · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_CO_T10_A16_P14_S10-16-1410

## Section

- **Citation:** C.R.S. § 10-16-1410
- **Heading:** 10-16-1410. Use of savings - report - rules
- **Jurisdiction:** Colorado
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** CO Code / Title 10 / Article 16 / Part 14 / Section 10-16-1410

## Text

10-16-1410. Use of savings - report - rules. (1) Any savings generated for a health benefit plan that are attributable to the establishment of an upper payment limit established by the board pursuant to section 10-16-1407 must be used by the carrier that issues the health benefit plan to reduce costs to consumers, prioritizing the reduction of out-of-pocket costs for prescription drugs.

(2) On or before March 15, 2023, and on or before March 15 each year thereafter, each state entity and each carrier that issues a health benefit plan or optional participating plan shall submit to the board a report describing the savings achieved during the preceding plan year for each prescription drug for which the board established an upper payment limit during the preceding year and how those savings were used to satisfy the requirement described in subsection (1) of this section.

(3) On or before November 1, 2022, the board shall promulgate rules establishing a formula for calculating savings for the purpose of complying with subsection (1) of this section.

## Nearby sections

- [C.R.S. § 10-16-1401 10-16-1401. Definitions](https://www.frixlaw.com/law-library/statutes/STATE_CO_T10_A16_P14_S10-16-1401.md)
- [C.R.S. § 10-16-1402 10-16-1402. Colorado prescription drug affordability review board - created - membership - t](https://www.frixlaw.com/law-library/statutes/STATE_CO_T10_A16_P14_S10-16-1402.md)
- [C.R.S. § 10-16-1403 10-16-1403. Colorado prescription drug affordability review board - powers and duties - rule](https://www.frixlaw.com/law-library/statutes/STATE_CO_T10_A16_P14_S10-16-1403.md)
- [C.R.S. § 10-16-1404 10-16-1404. Colorado prescription drug affordability review board meetings - required to be](https://www.frixlaw.com/law-library/statutes/STATE_CO_T10_A16_P14_S10-16-1404.md)
- [C.R.S. § 10-16-1405 10-16-1405. Colorado prescription drug affordability review board - reports from carriers an](https://www.frixlaw.com/law-library/statutes/STATE_CO_T10_A16_P14_S10-16-1405.md)
- [C.R.S. § 10-16-1406 10-16-1406. Colorado prescription drug affordability review board - affordability reviews of](https://www.frixlaw.com/law-library/statutes/STATE_CO_T10_A16_P14_S10-16-1406.md)
- [C.R.S. § 10-16-1407 10-16-1407. Colorado prescription drug affordability review board - upper payment limits for](https://www.frixlaw.com/law-library/statutes/STATE_CO_T10_A16_P14_S10-16-1407.md)
- [C.R.S. § 10-16-1408 10-16-1408. Colorado prescription drug affordability review board - judicial review](https://www.frixlaw.com/law-library/statutes/STATE_CO_T10_A16_P14_S10-16-1408.md)
- [C.R.S. § 10-16-1409 10-16-1409. Colorado prescription drug affordability advisory council - created - membership](https://www.frixlaw.com/law-library/statutes/STATE_CO_T10_A16_P14_S10-16-1409.md)
- [C.R.S. § 10-16-1410 10-16-1410. Use of savings - report - rules](https://www.frixlaw.com/law-library/statutes/STATE_CO_T10_A16_P14_S10-16-1410.md)
- [C.R.S. § 10-16-1411 10-16-1411. Unlawful acts - enforcement - penalties](https://www.frixlaw.com/law-library/statutes/STATE_CO_T10_A16_P14_S10-16-1411.md)
- [C.R.S. § 10-16-1412 10-16-1412. Notice of withdrawal of prescription drugs with upper payment limits required -](https://www.frixlaw.com/law-library/statutes/STATE_CO_T10_A16_P14_S10-16-1412.md)
- [C.R.S. § 10-16-1413 10-16-1413. Optional participating plans - notice of election to participate required](https://www.frixlaw.com/law-library/statutes/STATE_CO_T10_A16_P14_S10-16-1413.md)
- [C.R.S. § 10-16-1414 10-16-1414. Reports](https://www.frixlaw.com/law-library/statutes/STATE_CO_T10_A16_P14_S10-16-1414.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_CO_T10_A16_P14_S10-16-1410. Check the current official text before relying on it. Not legal advice.