Cutting Copays Act
1/6/2025, 11:41 PMSummary of Bill HR 5386
The Cutting Copays Act, also known as Bill 118 hr 5386, is a piece of legislation currently being considered by the US Congress. The main goal of this bill is to reduce the out-of-pocket costs that individuals have to pay for prescription drugs by capping copayments for certain medications.If passed, the Cutting Copays Act would limit the amount that insurance companies can charge individuals for copays on prescription drugs. This would help to make medications more affordable for those who rely on them for their health and well-being.
The bill also includes provisions to increase transparency in drug pricing, requiring pharmaceutical companies to disclose the costs associated with producing and marketing their medications. This information would help consumers and policymakers better understand the factors driving the high cost of prescription drugs. Overall, the Cutting Copays Act aims to address the issue of rising healthcare costs and make prescription medications more accessible to those who need them. Supporters of the bill argue that reducing copays will help to improve health outcomes and reduce financial strain on individuals and families. As with any piece of legislation, the Cutting Copays Act has both supporters and critics. Some believe that capping copays will help to make healthcare more affordable and accessible, while others are concerned about the potential impact on insurance premiums and overall healthcare costs. The bill is currently in the early stages of the legislative process, and it remains to be seen whether it will ultimately be passed into law. Supporters of the Cutting Copays Act are hopeful that it will help to address the issue of high prescription drug costs and improve access to essential medications for all Americans.
Congressional Summary of HR 5386
Cutting Copays Act
This bill eliminates cost-sharing for generic drugs for those with the lowest-income under the Medicare prescription drug benefit's Low-Income Subsidy Program beginning in 2024.
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Current Status of Bill HR 5386
Bill HR 5386 is currently in the status of Bill Introduced since September 12, 2023. Bill HR 5386 was introduced during Congress 118 and was introduced to the House on September 12, 2023. Bill HR 5386's most recent activity was Referred to the Subcommittee on Health. as of December 17, 2024Bipartisan Support of Bill HR 5386
Total Number of Sponsors
3Democrat Sponsors
3Republican Sponsors
0Unaffiliated Sponsors
0Total Number of Cosponsors
4Democrat Cosponsors
1Republican Cosponsors
3Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill HR 5386
Primary Policy Focus
HealthAlternate Title(s) of Bill HR 5386
Cutting Copays ActCutting Copays ActTo amend title XVIII of the Social Security Act to provide for adjustments to the Medicare part D cost-sharing reductions for low-income individuals.Comments
Most relevant
Sponsors and Cosponsors of HR 5386
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