S. 529 seeks to limit the cost-sharing for prescription drugs in health insurance plans in the United States. Starting in 2026, individuals' out-of-pocket costs for prescription drugs will be capped at $2,000 per year, and families will have a cap of $4,000 per year. These...
Simple Explanation
The bill wants to make sure that when people need to buy medicine, they don't have to pay too much money from their own pockets each year. Starting in 2026, it will limit how much someone or a family has to spend on medicine yearly, and this amount will go up a little each year because of inflation.