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New bill introduces Prescription Drug Affordability Board in Colorado
COLORADO SPRINGS, Colo. (KRDO) There could be relief on the way for Coloradans with expensive prescription drugs.
Gov. Jared Polis has announced his support for the introduction of legislation establishing the Prescription Drug Affordability Board. The affordability board would set upper payment limits for prescription drugs that meet certain cost increase thresholds. These payment limits would apply to all purchasers in the state, but will only be placed on the highest-cost drugs, with purchasers continuing to be able to negotiate rates for the vast majority of drugs.
Too many Coloradans skip doses, stretch the length of their prescriptions, or delay filling prescriptions because they simply cannot afford them. As established in the bill, the prescription drug affordability board will convene a panel of experts to investigate prescription drug cost increases, and set guardrails on cost increases for the most