Romney, Braun Introduce Bill To Base Coinsurance On Net Prices

Freshmen Sens. Mitt Romney (R-UT) and Mike Braun (R-IN) on Thursday (May 9) introduced a bill that would require health plans to base coinsurance for consumers on a percentage of prescription drugs’ net price instead of list price. The goal of the proposal would be to lower out-of-pocket costs for drugs. “It is time patients benefitted from steep negotiated discounts,” the senators’ offices stated in a bill summary. The plan would go into effect in 2021. -- Rachel Cohrs...