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Unable to set prices, the state, like many others, is exploring legislative and administrative approaches to cut out-of-pocket costs on medications. ....
Colorado BioScience Association warned that setting payment limits could reduce the funding available for new pharmaceutical discoveries. “If passed, this bill will create unpredictability for the startups and development-stage companies in Colorado’s life sciences ecosystem, making it harder for them to raise funds,” said Jennifer Jones Paton, the group’s president and CEO. “Investors will look elsewhere for opportunities.” Nonetheless, the bill is expected to pass. Proponents said it’s unlikely a manufacturer could carve out specific drugs or states from its supply chain and pointed out that drug companies already sell their highest-cost drugs at lower prices to Medicaid, community health clinics and charity hospitals. ....
Colorado lawmakers wage multifront assault on high drug costs Tired of waiting for federal action to reduce prescription drug costs, Colorado is acting on its own even if it must do so with one arm tied behind its back. Unable to set prices or change patent protections, the state is exploring creative legislative and administrative approaches to lower out-of-pocket costs on medications. While none of the efforts alone would result in broad-based, deep cuts, state officials estimate the combined impact of the various measures could save Coloradans between 20% and 40% in out-of-pocket costs. That s why it s so important to have a variety of levers, said Kim Bimestefer, executive director of the Colorado Department of Health Care Policy & Financing. You start stacking all these up, and it s remarkable how much we can drive down the cost. ....
Lawmakers Kraft, Wilson say Inslee’s emergency powers need a check Published: April 14, 2021, 6:05am Share: (iStock.com/The Columbian illustration The Columbian file photos) Photo Gallery A push from Southwest Washington’s lawmakers to establish more oversight on Gov. Jay Inslee’s emergency powers has failed to pick up much traction in the current legislative session, and the effort appears on track to die when the session concludes on April 25. Republican legislators have introduced and sponsored multiple bills and amendments that would strengthen the requirement that Inslee receive approval from the Legislature on his emergency proclamations. While the specifics of those efforts vary, they’re rooted in the same argument: that the powers granted to the state’s executive branch during a crisis aren’t supposed to stretch on for more than a year. ....
Why some states have opened vaccine eligibility faster than others thespectrum.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thespectrum.com Daily Mail and Mail on Sunday newspapers.