Colorado Can Stop Runaway Prescription Drug Costs – Here’s How to Make It Happen

Tell your lawmakers to protect the law that established our Prescription Drug Affordability Board this legislative season

Quick Context

Drug manufacturers set prices as high as the market will bear – that’s why Americans pay 2-4 times what patients in other countries pay for the same medications. Eleven states have already established Drug Price Accountability Boards, or what some states call a Prescription Drug Affordability Board. Colorado must remain one of them. This is a commonsense way to address affordability issues in our state.

Where Colorado Stands

Colorado has a Drug Price Accountability Board. Now is the time to protect it.

Big Pharma’s efforts to stop Prescription Drug Affordability Boards in the legislature or through the courts won’t work this legislative season – but only if lawmakers hear from constituents that this matters.

Take Action: Contact Your Legislators

Your voice makes a difference. Tell your Colorado state lawmakers to protect the law that established our Prescription Drug Affordability Board.

Why This Matters to Coloradans

1 in 4 adults report difficulty affording prescription medications

Colorado taxpayers spend an average of $429M a year on Medicaid prescription drugs, even after manufacturer rebates – based on the three most recent years of data (FY2021–2023). Driven by manufacturers’ list prices, these costs strain state budgets, taxpayers, and small businesses.

Four states can now set Upper Payment Limits on unaffordable medications – power to be used only in extreme cases of runaway drug prices, causing harm to our state’s residents. Colorado must remain one of them.

What Happens Next

✓ Your message will be delivered to your lawmakers

✓ We’ll keep you updated on Colorado drug price accountability and affordability legislation

✓ Your voice joins other Coloradans calling for drug price reform

Recent Momentum

Colorado became the first state to vote for a drug price cap in February 2024, targeting Enbrel (a medication for autoimmune diseases, like rheumatoid arthritis) after its price increased 1,582% since FDA approval. Colorado has the opportunity to take a stand this legislative season.