U.S. Rep. Kendra Horn of Oklahoma is introducing legislation that would cap out-of-pocket prescription drug expenses at $2,000. According to Horn’s office, the Capping Out-of-Pockets Costs for Seniors Act, H.R. 4649, will lower prescription drug costs for the 46 million patients who have Medicare Part D.“The high cost of prescription drugs forces too many seniors to choose between putting food on the table and lifesaving medication. I’ve heard from Oklahomans who are spending thousands of dollars a month on prescription drugs alone. We have to take action to address this crisis.” Congresswoman Horn said. “That’s why I’m proud to lead this effort with my colleague to cap the out-of-pocket cost of prescription drugs for those who rely on Medicare Part D. It’s an important first step toward making medicine more affordable.” Joining Horn in introducing the legislation is U.S. Rep. Steven Horsford (NV-04).“Medicare Part D has helped tens of millions of seniors and individuals with disabilities access life-saving therapies and medications. However, Medicare beneficiaries across the country are facing high out-of-pocket costs for many medications, including insulin, even with Part D coverage,” Horsford said. “Right now, Seniors across the country can pay up to $5,100 on their medications—this cap will save our seniors $3,100, some of which depend on multiple drugs a day.” The bipartisan legislation, which will be discussed during this week’s Ways and Means healthcare hearing, would improve the Medicare Part D prescription drug program for beneficiaries and taxpayers alike, according to Horn’s office. Specifically, H.R. 4649 would create an out-of-pocket maximum on prescription drug costs for Medicare beneficiaries in Part D based on the current catastrophic threshold.The legislation would also right-size and modernize the incentive structure for Part D plans to better manage costs by reducing the government’s share of the catastrophic coverage from 80 percent to 20 percent over four years.

U.S. Rep. Kendra Horn of Oklahoma is introducing legislation that would cap out-of-pocket prescription drug expenses at $2,000.

According to Horn’s office, the Capping Out-of-Pockets Costs for Seniors Act, H.R. 4649, will lower prescription drug costs for the 46 million patients who have Medicare Part D.


“The high cost of prescription drugs forces too many seniors to choose between putting food on the table and lifesaving medication. I’ve heard from Oklahomans who are spending thousands of dollars a month on prescription drugs alone. We have to take action to address this crisis.” Congresswoman Horn said. “That’s why I’m proud to lead this effort with my colleague to cap the out-of-pocket cost of prescription drugs for those who rely on Medicare Part D. It’s an important first step toward making medicine more affordable.”

Joining Horn in introducing the legislation is U.S. Rep. Steven Horsford (NV-04).

“Medicare Part D has helped tens of millions of seniors and individuals with disabilities access life-saving therapies and medications. However, Medicare beneficiaries across the country are facing high out-of-pocket costs for many medications, including insulin, even with Part D coverage,” Horsford said. “Right now, Seniors across the country can pay up to $5,100 on their medications—this cap will save our seniors $3,100, some of which depend on multiple drugs a day.”

The bipartisan legislation, which will be discussed during this week’s Ways and Means healthcare hearing, would improve the Medicare Part D prescription drug program for beneficiaries and taxpayers alike, according to Horn’s office. Specifically, H.R. 4649 would create an out-of-pocket maximum on prescription drug costs for Medicare beneficiaries in Part D based on the current catastrophic threshold.

The legislation would also right-size and modernize the incentive structure for Part D plans to better manage costs by reducing the government’s share of the catastrophic coverage from 80 percent to 20 percent over four years.