Prohibit Price Gouging On Prescription Drugs

The bill:

• Prohibits a pharmaceutical manufacturer or wholesaler from price gouging on sales of essential off-patent or generic drugs;
• Makes the practice of price gouging a deceptive trade practice under the "Colorado Consumer Protection Act"; and
• Requires the state board of pharmacy and the executive director of the department of health care policy and financing to report suspected price gouging to the attorney general. The attorney general is authorized to seek subpoenas and file lawsuits with the appropriate district courts.
  (Note: This summary applies to this bill as introduced.)