Montana auditor’s office holds presentation on prescription drug costs

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By: Jonathon Ambarian

Montana State Auditor Matt Rosendale’s staff gave a presentation to lawmakers Thursday on the factors that go into prescription drug costs. It comes as Rosendale’s office makes its argument for a bill aimed at driving down medication costs.

Rosendale, whose office regulates health insurance, says his staff has been studying ways to reduce health care costs since his term began two years ago. They found prescription drug spending makes up about 20 percent of overall health care expenditures – and that number is growing.

“They are escalating at a faster rate than any other part of the industry,” Rosendale said.

The auditor’s office is backing Senate Bill 71, sponsored by Republican Sen. Al Olszewski of Kalispell, which would include several steps intended to address prescription drug costs.

Read more at KTVH