News Headlines Article

What do you do when your prescription costs $34,000 a year?
Washington Post

As more expensive specialty drugs come on the market to treat serious chronic diseases, states are stepping in to cushion the financial pain for patients needing medicine that can cost hundreds of thousands of dollars a year.

At least seven states — Delaware, Louisiana, Maine, Maryland, Montana, New York and Vermont — limit the out-of-pocket payments of patients in private health plans. Montana, for instance, caps the amount that patients pay at $250 per prescription per month. Delaware, Maryland and Louisiana set the monthly limit at $150 and Vermont at $100. Maine sets an annual limit of $3,500 per drug.