More than 25 Colorado Advocacy Groups Support PBM Reforms in HB 1094

More than 25 advocacy groups from across the state support bipartisan House Bill 1094 to create meaningful reforms to Colorado’s Pharmacy Benefit Manager (PBM) marketplace. While PBMs were initially created to negotiate lower prices for consumers, employers, governments, and carriers, the current system incentivizes PBMs to drive up out-of-pocket drug costs, and steer patients towards higher priced medicines. 

House Bill 1094 removes these incentives by prohibiting PBMs from generating revenue directly or indirectly based on the cost of a medication. This legislation is backed by a large and diverse coalition of patient groups, physician societies, independent pharmacies, consumer advocacy groups, unions, rural health networks, small businesses, and more, including:

• Chronic Care Collaborative

• Young Invincibles

• Lupus Colorado

• Cystic Fibrosis United

• Chronic Care Collaborative

• Healthier CO

• Colorado Consumer Health Initiative

• Disability Law Colorado

• Small Business Majority

Learn more about PBM reforms here.