Prescription Drug Affordability Review Board - Colorado …
WEBColorado’s Prescription Drug Affordability Board (PDAB), established under Senate Bill 21-175 and updated under House Bill 23-1225, is a Type-1 Board within the Division of Insurance that has the authority to review prescription drug costs and evaluate their impact on Coloradans through affordability reviews of prescription drugs.
Colorado, Maryland Drug Price Boards Inch Closer to Payment Caps
WEBColorado’s affordability review reports noted that Enbrel resulted in an average of more than $2,000 in out-of-pocket costs for patients in 2022. The average out-of-pocket costs for Cosentyx and Stelara that same year were more than $3,000 and $7,000, respectively. When considering these costs, “you really need to look at the full supply ...
Colorado board casts unanimous vote on first drug whose …
WEBDec 8, 2023 · Bigger-picture impacts from PDAB decisions. While six other states have authorized creation of boards like the PDAB, the Colorado body was the first to advance to the stage of casting a vote on the affordability of a drug.
Amgen sues Colorado prescription drug board over Enbrel price cap
WEBMar 25, 2024 · In its lawsuit, Amgen argues that Colorado’s PDAB law violates the U.S. Constitution’s supremacy clause by seeking to override federal patent laws.
How Colorado’s Prescription Drug Affordability Board Is ... - NASHP
WEBDec 18, 2023 · The PDABs in Colorado, Maryland, Washington, and Minnesota have the authority to establish an upper payment limit for a drug that the PDAB deems unaffordable. In August 2023, Colorado’s PDAB completed its initial selection of five drugs that will be subject to affordability review and potentially upper payment limits.
Extend And Modify Prescription Drug Affordability Board | Colorado ...
WEBSection 4 makes certain changes to the procedure by which the board identifies prescription drugs that may be subjected to an affordability review, which changes take effect January 1, 2025, and requires the board to report on its public web page certain information regarding its considerations.
State Prescription Drug Affordability Boards - All Eyes On Colorado
WEBJul 16, 2024 · Motivated by a desire to reduce spending and costs associated with “high cost” drugs, eleven states have already established a prescription drug affordability board – or “PDAB” – and no less than a dozen additional state …
Transparency, accountability, patient voices needed on Rx price …
WEBFeb 14, 2024 · The initial PDAB efforts, including public meetings, have surfaced a need for increased transparency, accountability and more responsiveness to Colorado patients and other stakeholders. When we examine its operations do date, the phrase, “building the plane while flying,” comes to mind.
Prescription Drug Affordability Updates: Meeting Dates, Proposed …
WEBJan 10, 2022 · The Prescription Drug Affordability Board (PDAB) is holding a public, virtual ad hoc committee meeting to discuss the Board’s adopted Conflict of Interest Policy on Friday, Jan. 21 from 3-4 pm. As a reminder, Board members will not vote on any business during this meeting.
Gov. Polis Signs Legislation to Save Coloradans Money on …
WEBMay 10, 2023 · This bill helps Colorado employers save money on health care, which they can repurpose however they see fit.” The spread pricing prohibition and required PBM and carrier affiliate transparency reporting begins January 2025.