Minn. Stat. § 62J.842
This is the official text of Minn. Stat. § 62J.842, part of Minnesota’s Stat — part of the compiled statutory law of Minnesota, published by the state as "Stat." Browse the sections below, each linked to its official government source.
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§ 62J.842 EXCESSIVE PRICE INCREASES PROHIBITED.
Official statutory text
§ Subdivision 1. Prohibition. No manufacturer shall impose, or cause to be imposed, an excessive price increase, whether directly or through a wholesale distributor, pharmacy, or similar intermediary, on the sale of any generic or off-patent drug sold, dispensed, or delivered to any consumer in the state.
§ Subd. 2. Excessive price increase. A price increase is excessive for purposes of this section when: (1) the price increase, adjusted for inflation utilizing the Consumer Price Index, exceeds: (i) 15 percent of the wholesale acquisition cost over the immediately preceding calendar year; or (ii) 40 percent of the wholesale acquisition cost over the immediately preceding three calendar years; and (2) the price increase, adjusted for inflation utilizing the Consumer Price Index, exceeds $30 for: (i) a 30-day supply of the drug; or (ii) a course of treatment lasting less than 30 days.
§ Subd. 3. Exemption. It is not a violation of this section for a wholesale distributor or pharmacy to increase the price of a generic or off-patent drug if the price increase is directly attributable to additional costs for the drug imposed on the wholesale distributor or pharmacy by the manufacturer of the drug.
§ Subd. 2. Excessive price increase. A price increase is excessive for purposes of this section when: (1) the price increase, adjusted for inflation utilizing the Consumer Price Index, exceeds: (i) 15 percent of the wholesale acquisition cost over the immediately preceding calendar year; or (ii) 40 percent of the wholesale acquisition cost over the immediately preceding three calendar years; and (2) the price increase, adjusted for inflation utilizing the Consumer Price Index, exceeds $30 for: (i) a 30-day supply of the drug; or (ii) a course of treatment lasting less than 30 days.
§ Subd. 3. Exemption. It is not a violation of this section for a wholesale distributor or pharmacy to increase the price of a generic or off-patent drug if the price increase is directly attributable to additional costs for the drug imposed on the wholesale distributor or pharmacy by the manufacturer of the drug.
Status: in_force · Read it on the official government site
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