To amend title XXVII of the Public Health Service Act, the Employee Retirement Income Security Act of 1974, and the Internal Revenue Code of 1986 to ensure cost sharing for a drug does not exceed the nationwide average of consumer purchase prices for such drug.
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Summary
Based on the bill's title, this legislation would amend federal health insurance and tax law to cap patient cost-sharing (copayments, coinsurance, and deductibles) for prescription drugs at the nationwide average of consumer purchase prices for those drugs. The bill would apply to health plans regulated under the Public Health Service Act, ERISA, and the Internal Revenue Code. The specific mechanisms for calculating and enforcing these caps are not available from the title alone.
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