A bill that would cap the cost of prescription drugs for individuals and families with private insurance is being co-sponsored in Washington by Senator Kirsten Gillibrand. The Capping Prescription Costs Act is a result of what Senator Gillibrand says is President Donald Trump reversal of initiatives from the Biden Administration to make health care more affordable.
Gillibrand said the legislation that would cap the annual out-of-pocket cost of prescription drugs at $2,000 for individuals and $4,000 for families with private insurance.
“As President Trump rolls back initiatives to make health care more affordable for working families, I am proud to be introducing this legislation to address the astronomical cost of prescription drugs,” said Senator Gillibrand. “No American should ever have to risk their health by skipping refills or rationing life-saving medication because they can’t afford it. This legislation is a commonsense measure that would be life-changing for older adults and the millions of Americans with chronic conditions and disabilities, and I am determined to get it passed.”
Senators Raphael Warnock (D-GA), Tammy Baldwin (D-WI), Cory Booker (D-NJ), Richard Blumenthal (D-CT), John Fetterman (D-PA), Martin Heinrich (D-NM), Andy Kim (D-NJ), Amy Klobuchar (D-MN), Patty Murray (D-WA), and Peter Welch (D-VT) cosponsor this legislation.
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