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Cap on Prescription Drug Costs: Limiting Patient Expenses

This act introduces a monthly limit on out-of-pocket costs for prescription drugs for individuals with health insurance. Starting in 2023, the maximum cost for prescription drugs will be 250 USD per month per individual or 500 USD per family, with annual adjustments possible.
Key points
Monthly limit on prescription drug costs: 250 USD per individual, 500 USD per family starting in 2023.
The limit will be adjusted annually based on the Consumer Price Index (CPI) starting in 2024.
Changes apply to health plans covered by the Patient Protection and Affordable Care Act and group health plans.
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Additional Information
Capping Prescription Costs Act of 2021
Print number: HR 6228
Sponsor: Rep. Manning, Kathy E. [D-NC-6]
Process start date: 2021-12-09