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Senate passes measure changing oversight of 340B drug savings, 20-14
Summary
The Colorado Senate on March 26 passed Senate Bill 124, which targets how outpatient drugs sold under the federal 340B drug pricing program are treated by nonprofit hospitals. Supporters said the bill increases transparency; opponents warned it would reduce charity-care funds and limit patient access to specialty treatments.
The Colorado Senate passed Senate Bill 124 on final reading Wednesday, voting 20-14 to approve legislation concerning outpatient drugs purchased under the federal 340B drug pricing program.
The bill, introduced in the Senate by Sen. Kirk Myer and Sen. Gonzales and sponsored in the House by Representatives Brown and Garcia Sander, was debated at length on the floor. Opponents said the measure would sharply restrict how hospitals use 340B savings and could threaten roughly $700 million that hospitals currently allocate for charity care and specialty services.
Senator Mullic…
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