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Senate passes transparency bill for entities in 340B supply chain, 30-4
Summary
Senate Bill 71, which would require certain practices and disclosures by persons participating in the supply chain for drugs purchased under the federal 340B program, passed the Colorado Senate 30-4 after floor debate that referenced community benefits and rural hospital concerns.
The Colorado Senate approved Senate Bill 71 on March 26 by a vote of 30-4. The measure, sponsored in the Senate by Sen. Michaelson Janae and Sen. Rich and in the House by Representatives Martinez and Taggart, addresses practices by entities in the supply chain for drugs purchased under the federal 340B drug pricing program.
Supporters said SB 71 increases transparency around how 340B savings are used and reported. During floor remarks, proponents highlighted the program’s…
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