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By: Associated Press
By: Associated Press

Two bills on cost cutting measures for prescription drugs are getting the thumbs up by a state senate committee.

One bill allows Colorado to join a multi-state drug purchasing pool that would negotiate for better drug prices for Medicaid programs.

The other bill creates a list of the most effective and cheapest drugs that would be offered to Medicaid patients.

The two bills could cut state drug spending by 2 percent but pharmaceutical companies say the bills could deny patients the drugs they need if they aren't on the list.

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