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04:08:51 PM |
Senator Ginal and Senator Rodriguez, bill sponsors, presented Senate Bill 19-005. The bill requires the Department of Health Care Policy and Financing (HCPF) to design a wholesale importation program for prescription pharmaceutical products from Canada and, subject to federal approval, to implement this program, making wholesale imported prescription pharmaceutical products from Canada available to Colorado consumers. The bill specifies certain safety, quality, and pricing requirements that must be met by the program. HCPF must present a draft report on the program design to the General Assembly by January 1, 2020, post the report on its website, and hold two public meetings — one in the Denver metropolitan area and one on the Western Slope. By April 15, 2020, HCPF must prepare a final report, post the report on its website, and submit it to the General Assembly. By May 1, 2020, HCPF must submit the final report to the federal government for approval of the program. If federal approval of the program is received, the bill authorizes HCPF to operate the program and to charge a fee on prescription pharmaceuticals purchased through the program to cover the costs of the program. The bill specifies that HCPF must select one or more wholesaler to operate the program through a Request for Proposals (RFP) process. HCPF must report to the General Assembly by January 1, 2022, and each January 1 thereafter, on the implementation of the program, including which prescription pharmaceuticals were imported and the savings to consumers.
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