New Senate bill looks to cut copays for low-income seniors on generic drugs

15 March 2024- U.S. Senator Bob Casey (D-PA), Chairman of the U.S. Senate Special Committee on Aging, introduced the Cutting Copays Act to lower prescription drug costs for hundreds of thousands of low-income Pennsylvanians. The law would remove cost-sharing for generic medications for all Americans who are enrolled in the Medicare Part D Low Income Subsidy Program (also known as Extra Help) and make less than $15,060 per year. Currently, this population of Extra Help beneficiaries pay up to $1.55 for each generic drug they are prescribed—Casey’s bill would cut that number to zero. In 2021, over 350,000 Pennsylvanians could have benefitted from this bill.

“The high cost of prescription drugs is a weight on the shoulders of Pennsylvania seniors and families, and for many of our seniors, it’s a weight that’s become far too heavy to bear,” said Chairman Casey. “The Cutting Copays Act is just the latest way that I am taking action to lower drug costs and make sure our seniors can afford the medications they need.”

Read more about the Cutting Copays Act HERE.