Press Release
Senator Tom Kean, Jr. Senator Tom Kean, Jr. (R-21)
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Contact: Erin Darreff / (609) 847-3600
January 21, 2020
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.

Related Facebook Post:
https://www.facebook.com/tomkeanjr/posts/10157072200483269

Related Tweet:
https://twitter.com/tomkean/status/1219695032254509059

Website Post:
https://www.senatenj.com/index.php/tomkean/kean-bill-to-lower-prescription-costs-signed-into-law/46237