8D01059494CB541187258C7700149301 Hearing Summary

Senators Pelton B. and Roberts, primary bill sponsors, presented House Bill 25-1094 which places disclosure requirements on Pharmacy benefit managers (PBMs) and regulates pricing practices including by prohibiting PBMs from keeping income from anything other than a flat-dollar service fee per prescription drug. A handout was provided to the committee (Attachment N).

Christina Walker, representing Healthier Colorado, testified in support of the bill. Dr. Kristin Holmes, representing themself, testified in support of the bill. Dr. Emily Zadvorny, representing Colorado Pharmacists Society, testified in support of the bill. Mrs. Rebecca Gillett, representing themself, testified in support of the bill. John Christen, representing themself, testified in support of the bill. Committee members asked the panel questions.

Jonathan Buxton, representing PCMA, testified in opposition to the bill. Lisa Le Gette, representing The Cigna Group, testified in opposition to the bill. Rachel Lee, representing CVS Health, testified in opposition to the bill. Committee members asked the panel questions.

Mr. Miller Hudson, representing themself, testified in opposition to the bill. Ms. Sara Almerri, representing themself, testified in opposition to the bill. Dr. Ky Davis, representing RxPlus Pharmacies and Harris Pharmacy, testified to amend the bill.

Meghan Raynes, representing Colorado Education Association, testified in support of the bill. Jeff Riester, representing Department of law, testified in support of the bill. Mr. Mark Blum, representing PBM Accountability Project, testified in support of the bill. Amanda Boone, representing Self and CF United, testified in support of the bill.

Amanda Massey, representing CVS Health, testified in opposition to the bill. Kathryn Starbuck, representing CVS Retail, testified in opposition to the bill. Scott Wyne, representing CVS Specialty, testified in opposition to the bill. Committee members asked the panel questions.

Mr. Kevin McFatridge,
representing Colorado Association of Health Plans, testified in opposition
to the bill. Karlee Tebbutt, representing America's Health Insurance Plans
(AHIP), testified in opposition to the bill. Rachel Beck, representing
Colorado Competitive Council, testified in opposition to the bill. Ernie
Goss, representing Americans for Pharma Reform, testified in opposition
to the bill. Stacy Hodgson, representing National Multiple Sclerosis Society
- Activist, testified in support of the bill.



Additional written
testimony was submitted to the committee (Attachment O).

Senator Roberts explained amendment L.033 (Attachment P).

Committee members asked the bill sponsors questions.

The primary bill sponsors provided closing remarks.