Senate Bill 21-175, a bill passed by the Colorado Legislature and signed into law by Governor Polis earlier this year, established the Prescription Drug Affordability Review Board and the Prescription Drug Affordability Advisory Council. Both bodies will be housed in the Colorado Division of Insurance, part of the Department of Regulatory Agencies (DORA). The goal of the Review Board and the Advisory Council is to save Coloradans money on prescription drugs and bring transparency to high drug costs in our state.
Prescription Drug Affordability Advisory Council
To ensure its work is transparent and informed by a variety of stakeholders, the Board will appoint a Prescription Drug Affordability Advisory Council to provide input. The Advisory Council will consist of 15 members with varied experience in health care and will meet every three months.
The Board will look to appoint members who have experience serving underserved communities and who reflect the state’s diversity in terms of race, immigration status, income, disability, age, gender identity, and geography.
As the application period opened in the summer, there have already been a number of applicants. However, council members representing the following groups or areas are still needed.
- Employers
- Labor unions
- Generic manufacturers
- Carriers
- Pharmacy benefit managers
Applicant Requirements - Council members must have knowledge of at least one of the following subject matters.
- The pharmaceutical business model
- Supply chain business models
- The practice of medicine or clinical training
- Health care consumer or patient perspectives
- Health care cost trends and drivers
- Clinical and health services research
- The state's health care marketplace
Apply for the Prescription Drug Affordability Advisory Council using the button below. Applications will be accepted through November 15, 2021.
Prescription Drug Affordability Council Application
Please share this information with anyone you think may be interested.
Find more information at the Division of Insurance website for the Colorado Prescription Drug Affordability Review Board & Advisory Council.