Wyden Introduces Bill Aimed At Protecting Seniors From High Drug Costs
The legislation, proposed by Sen. Ron Wyden, D-Ore., would make sure Medicare recipients don't face out-of-pocket costs past a cap of about $7,500.
Wyden Introduces Bill To Cap Drug Costs Under Medicare
Sen. Ron Wyden (Ore.), the top Democrat on the Senate Finance Committee, on Wednesday introduced a bill aimed at protecting seniors from high drug costs, an issue that has attracted growing scrutiny. Wyden’s measure would cap drug cost-sharing for Medicare enrollees so that seniors would not have to pay out of pocket costs above a roughly $7,500 cap. In 2013, 2.9 million people in Medicare’s prescription drug program had to pay costs above that cap, Wyden’s office said. (Sullivan, 4/27)
Wyden Introduces Bill To Reduce Out-Of-Pocket Medicare Drug Costs
“Escalating drug prices are increasingly straining the budgets of families in Oregon and across the country, particularly seniors in Medicare who often have to take multiple costly medications to stay healthy,” Wyden said in a statement. “It defies common sense that protection from high out-of-pocket costs exists for almost all other types of health coverage, but not for traditional Medicare.” Medicare’s program’s prescription drug benefit, or Part D, is offered by private insurance plans, whereas the hospital and medical components of the program are run by the federal government. (Owens, 4/27)