summary
Introduced
12/08/2021
12/08/2021
In Committee
12/08/2021
12/08/2021
Crossed Over
Passed
Dead
01/03/2023
01/03/2023
Introduced Session
117th Congress
Bill Summary
A BILL To limit cost sharing for prescription drugs, and for other purposes.
AI Summary
This bill, the Capping Prescription Costs Act of 2021, aims to limit cost-sharing for prescription drugs. Specifically, it amends the Patient Protection and Affordable Care Act to cap the monthly out-of-pocket costs for prescription drugs at $250 per individual or $500 per family for plan years beginning in 2023. This cap will be adjusted annually based on the medical care component of the consumer price index. The bill also applies this cost-sharing limit to group health plans. These amendments will take effect for plans starting after December 31, 2022.
Committee Categories
Health and Social Services
Sponsors (11)
Raphael Warnock (D)*,
Tammy Baldwin (D),
Richard Blumenthal (D),
Martin Heinrich (D),
Mazie Hirono (D),
Amy Klobuchar (D),
Bob Menendez (D),
Patty Murray (D),
Jack Reed (D),
Tina Smith (D),
Chris Van Hollen (D),
Last Action
Read twice and referred to the Committee on Health, Education, Labor, and Pensions. (on 12/08/2021)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.congress.gov/bill/117th-congress/senate-bill/3339/all-info |
| BillText | https://www.congress.gov/117/bills/s3339/BILLS-117s3339is.pdf |
| Bill | https://www.congress.gov/117/bills/s3339/BILLS-117s3339is.pdf.pdf |
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