New Laws Target High Prescription Drug Costs in New Mexico

Posted on 06/30/20 by The AARP Bulletin

Residents could pay less for prescription drugs, thanks to two new laws.

The first takes steps to allow consumers to buy medications imported from Canada. But New Mexico officials first need to work out an agreement with the federal government.

The second caps the price of insulin copays at $25 for a 30-day supply beginning Jan. 1, 2021. It also requires the state superintendent of insurance to convene an advisory group to study the cost of prescription drugs, with a report due to legislators by Oct. 1.

“These new laws will cut the costs of everyday prescription drugs that are vital to the health of New Mexicans,” said DeAnza Valencia, AARP New Mexico associate state director for advocacy. “Americans should not be paying the highest prices for prescription drugs in the world.”

Learn more about AARP's national Stop Rx Greed campaign at

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

More from AARP in Santa Fe

Upcoming AARP Events

View All AARP Events »

You can find CDC’s latest coronavirus information at; AARP information and resources are at En español, visite

AARP Member Card

Join or Renew Today


  • Immediate access to your member benefits
  • Discounts on travel and everyday savings
  • Subscription to the award-winning AARP The Magazine
  • An ally on the issues that matter most to you in Santa Fe
  • Free membership for your spouse or partner