Lower Drug Prices

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Colorado lawmakers are considering joining other states in a drug-buying pool to negotiate better prices on prescription drugs for Medicaid patients.

The plan would require Colorado to set up a list of preferred drugs that Medicaid patients could be prescribed.

The goal is to help some of the estimated 750,000 Coloradans who don't have health insurance. People who earn up to 350% of the federal poverty level would be able to buy drugs at the state's discounted rate. So a family of four earning $69,000 or less would qualify. Participants would pay an annual fee of no more than $25.

A Senate committee will examine the proposals Friday.