Grand Junction, Colo – Tuesday’s announcement by Governor Jared Polis and a handful of lawmakers to introduce legislation aiming to lower prescription drug prices could mean savings for Coloradans.

The bill would assemble a bipartisan board to oversee purchasing prices and set upper limits for drug prices. Community Hospital’s Chief Medical Officer, Dr. Thomas Tobin, says that would likely include pricing caps for the most common prescriptions for cancer patients and diabetics. A bill was signed into law by Governor Polis last year capping the price of insulin at $100.

Prior to the introduction of the legislation, 77% of Coloradans surveyed by the Colorado Consumer Health Initiative said they would support the creation of a board to oversee drug prices.