New Jersey's 21st Legislative District

Senator Tom Kean, Jr.

Senator Tom Kean

Kean Legislation to Lower Prescription Costs Advances

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Senate Republican Leader Tom Kean’s legislation to limit out-of-pocket prescription costs was approved by the Senate Budget and Appropriations Committee.

Sen. Tom Kean’s legislation to limit out-of-pocket prescription costs was approved by the Senate Budget Committee. (Wikimedia Commons)

“Patients battling cancer and other chronic diseases have a tough enough time before they face the challenge of paying for expensive treatments and prescriptions, which can cost thousands of dollars a month or more,” said Kean (R-21). “Many other states have succeeded in limiting these outrageous fees for necessary prescriptions. Our efforts to make co-pays more affordable for life-saving prescriptions is the right thing to do.”

Kean’s bipartisan legislation, S-1865, would require certain health insurers, under certain policies or contracts that provide coverage for prescription drugs, to place limitations on covered persons’ cost-sharing for the drugs.

The bill would limit a covered person’s 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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