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Panel advances bill requiring monitoring and reporting for 340B entities receiving in‑kind state funds
Summary
HB 16‑448 would require 340B entities that receive in‑kind state funding to adhere to federal and state monitoring and reporting requirements; committee attached an amendment and advanced the bill to full committee.
Sponsor, speaking after the gavel was passed to Chairman Kumar, said House Bill 16‑448 would ensure any 340B entity receiving in‑kind state funding complies with monitoring and reporting obligations under state and federal rules governing the 340B program. He told the committee the bill creates a level playing field for nongovernmental grantees and protects program integrity.
The committee attached amendment 013652, the sponsor and chairman explained the amended bill, and members voted to forward the measure to the full insurance committee with five ayes reported by the clerk. No fiscal estimate or implementation timeline for agencies was provided during the subcommittee hearing.
