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We believe that patients should have access to innovative medicines.

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The Pharmaceutical Research and Manufacturers of America (PhRMA) represents the country’s leading innovative biopharmaceutical research companies, which are laser focused on developing innovative medicines that transform lives and create a healthier world. Together, we are fighting for solutions to ensure patients can access and afford medicines that prevent, treat and cure disease. Over the last decade, PhRMA member companies have invested more than $850 billion in the search for new treatments and cures, and they support nearly five million jobs in the United States.

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Patients with commercial health insurance are facing increasing out-of-pocket costs for their medicines in the form of growing deductibles, copayments and coinsurance. Health insurers continue to shift costs to patients, despite evidence that high-cost sharing can lead patients to ration medicines or fail to fill their prescriptions altogether, resulting in worse health outcomes for patients and higher health care costs overall. Without capping this cost sharing burden, patients will continue to struggle to afford the medicines they need.

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Policies to Help Patients Pay Less for Their Medicines: Cap Patient Cost Sharing

January 24, 2022

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