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Prescription Drug Cost Cap: Limiting Patient Out-of-Pocket Expenses

This new law introduces monthly caps on out-of-pocket prescription drug costs for insured individuals. Starting in 2023, the maximum monthly cost for prescription drugs will be $250 for individuals and $500 for families, aiming to protect citizens from high medication bills. These limits will be adjusted annually for inflation, providing long-term financial stability.
Key points
Monthly cap on prescription drug costs: Starting in 2023, insured individuals will pay a maximum of $250 per month for drugs, and families $500.
Protection against high costs: The law aims to reduce financial burdens from expensive medications, improving access to treatment.
Annual adjustment of limits: The cap amounts will be adjusted annually based on medical care cost increases to maintain their real value.
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Expired
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Additional Information
Print number: 117_S_3339
Sponsor: Sen. Warnock, Raphael G. [D-GA]
Process start date: 2021-12-08
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Capping Prescription Costs Act of 2021

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_S_3339.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2021-12-08.

What are the main provisions?

Key points include:

  • Monthly cap on prescription drug costs: Starting in 2023, insured individuals will pay a maximum of $250 per month for drugs, and families $500.
  • Protection against high costs: The law aims to reduce financial burdens from expensive medications, improving access to treatment.
  • Annual adjustment of limits: The cap amounts will be adjusted annually based on medical care cost increases to maintain their real value.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Sen. Warnock, Raphael G. [D-GA].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-29.

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