Covered California First to Cap Monthly Specialty Drug Copays
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Covered California, the state’s health insurance exchange, changed the designs of its plans to cap policyholders’ monthly copayments for specialty drugs and help curb costs for consumers.
The majority of Covered California’s beneficiaries will have monthly payments for specialty drugs capped at $250 per month, the health exchange said Thursday in a statement. Some caps will range from $150 to $500. Covered California says it’s the first health exchange in the nation to adopt this model.