MADISON, WI (WTAQ-WRN) — U.S. Senator Tammy Baldwin introduces legislation to lower prescription drug costs.
The Wisconsin Democrat is in the midst of a competitive reelection campaign against developer Eric Hovde, the likely winner of the August Republican primary.
Baldwin says the Capping Prescription Costs Act would require annual out-of-pocket prescription drug cost caps of $2,000 for individuals and $4,000 for families with private health insurance.
The measure would extend the out-of-pocket cost seniors on Medicare will see in 2025 from the Inflation Reduction Act to the commercial health care market.
Baldwin voted for the 2022 Inflation Reduction Act, which included a cap on insulin prices.
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