March 29, 2019
Denver, CO – The Senate voted today 22-to-13 to pass HB19-1131, Prescription Drug Cost Education, a bill sponsored by Senator Faith Winter (D- Westminster) to increase transparency on wholesale drug prices. The bill now heads back to the House of Representatives for consideration of amendments.
“Drug prices continue to rise in Colorado, while patients have no idea or explanation from big pharmaceutical companies as to why they can no longer afford their medicine,” said Senator Winter. “We are working to create more transparency for Coloradans when it comes to the high price of lifesaving medications that too many are struggling to afford.”
HB19-1131 would require drug manufacturers and wholesalers to provide the wholesale acquisition cost of a prescription drug in writing to anyone who is receiving information about the drug. By doing so, this bill aims to inform everyone of the astounding difference in price between wholesale drugs and the costs paid by Colorado patients.
“We are working hard to offer more clarity and lower costs for Coloradans who rely on prescription drugs,” added Senator Winter. “This bill is a step toward better and more affordable healthcare in our state.”
To learn more about HB19-1131, please visit https://leg.colorado.gov/bills/hb19-1131.