Search Results: keywords:"prescription drug cost-sharing"

  • S. 4671 — To limit cost sharing for prescription drugs, and for other purposes.
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    Status:Introduced in Senate
    Words:565

    S. 4671, the “Capping Prescription Costs Act of 2024,” aims to limit the amount individuals and families pay for prescription drugs under health plans in the United States. Starting in 2026, individual costs for prescription drugs will be capped at $2,000 per year, while...

    Simple Explanation

    In 2026, a new rule wants to make sure people don't spend too much money on medicines: one person won't pay more than $2,000 a year, and families won't pay more than $4,000. These limits could change a little bit every year depending on how much medical stuff usually costs.

  • S. 529 — To limit cost-sharing for prescription drugs, and for other purposes.
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    Status:Introduced in Senate
    Words:974

    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.

  • H. R. 2553 — To limit cost-sharing for prescription drugs, and for other purposes.
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    Status:Introduced in House
    Words:1,011

    H.R. 2553, known as the "Capping Prescription Costs Act of 2025," aims to limit the amount people have to pay for prescription drugs under health plans. Starting in 2026, individual costs for prescription drugs will be capped at $2,000 a year, and family costs will be capped at $4,000. These...

    Simple Explanation

    H.R. 2553 wants to help people spend less money on medicines by making sure they don't have to pay more than $2,000 a year if they're by themselves or $4,000 if they're with their family, starting in 2026. These limits can change a little every year to keep up with price changes.