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Colorado's Drug Prices are Skyrocketing

Posted on 08/22/19 by Angela Cortez

Pills decorated with dollar bills

AARP Colorado today released new state data and an infographic illustrating the impact of high prescription drug prices for Colorado residents, specifically those living with cancer, prediabetes or diabetes, and heart disease. AARP unveiled the infographic at the National Academy for State Health Policy (NASHP) annual conference as part of AARP’s nationwide Stop Rx Greed campaign to lower drug prices for all Americans.

“While prescription drug prices continue skyrocketing, Americans are being forced to choose between filling life-saving medications or paying rent and buying food,” said AARP Colorado State Director Bob Murphy. “So far in 2019, 29 states have passed 46 new laws to rein in drug prices. It’s critical that state and federal lawmakers continue this momentum to stop Rx greed.”

In 2016, 29 percent of Coloradans stopped taking a prescription drug as prescribed due to cost, as shown in the infographic. The infographic also highlights recent price increases for select prescription drugs commonly used to treat cancer, diabetes, and heart disease. Between 2012 and 2017, the retail price of:

· Revlimid, used to treat cancer, increased from $147,413 per year to $247,496 per year. In Colorado, 511,014 people are living with cancer.

· Lantus, a form of insulin used to treat diabetes, increased from $2,907 per year to $4,702 per year. There are 423,954 people with diabetes in Colorado.

· Aggrenox, a heart disease medication, increased from $3,030 per year to $5,930 per year. In Colorado, 117,446 people have heart disease.

To view the Colorado infographic, visit www.aarp.org/rxstates. To learn more about AARP’s Stop Rx Greed campaign and view the national infographic, visit www.aarp.org/rx.

This story is provided by AARP Colorado. Visit the AARP Colorado page for more news, events, and programs affecting retirement, health care, and more.

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