HR 5386
Cutting Copays Act
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- Passed House
- Passed Senate
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- Became Law
Bill overview
The Cutting Copays Act aims to lower prescription drug costs for low-income Medicare beneficiaries. It adjusts the cost-sharing reductions provided through the Low-Income Subsidy Program, specifically reducing or eliminating copays for generic drugs starting in 2024. The bill modifies the amount that low-income individuals pay for prescription drugs, with a goal of making medications more affordable. These changes are phased in, with a complete elimination of copays for generic drugs beginning in 2024.
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