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Senate passes bill requiring reporting on 340B drug discounts
Summary
The Colorado Senate passed Senate Bill 124 on March 25, a bill that requires state reporting on how hospitals and other covered entities use discounts and savings from the federal 340B drug-pricing program.
The Colorado Senate passed Senate Bill 124 on March 25, a bill that directs state reporting and limits certain uses of savings generated under the federal 340B drug pricing program.
Senator Gonzales, the bill sponsor, told colleagues the measure is intended to make “clear how money is being utilized to ultimately address the unacceptably high cost of health care.” She asked senators for an aye vote, saying the bill would require transparency so Coloradans could “understand how those dollars are being spent.”
Supporters said…
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