New Jersey's 21st Legislative District

Senator Tom Kean, Jr.

Senator Tom Kean

Kean Bill to Lower Prescription Costs Signed into Law

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Senate Republican Leader Tom Kean’s legislation to limit out-of-pocket prescription costs has been signed into law.

Senate Republican Leader Tom Kean’s legislation to limit out-of-pocket prescription costs has been signed into law. (Wikimedia Commons)

“The treatment costs for patients battling cancer and other chronic diseases adds up, often placing a heavy financial burden on families and loved ones,” said Kean (R-21). “Lifesaving prescriptions can cost thousands of dollars a month or more. Many other states have succeeded in limiting exorbitant fees for critical prescriptions. This new law will make prescription co-payments more affordable, helping patients avoid financial distress during an already turbulent time.”

Kean’s law, A-2431/S-1865, will require health insurers to limit out-of-pocket costs to $200 per prescription under the Affordable Care Act’s Bronze Level Plan, and $100 per prescription for all other insured plans.

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