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Obamacare: California exchange caps specialty drug costs for patients

Obamacare: California exchange caps specialty drug costs for patients

Tackling the high price of specialty drugs, California's Obamacare exchange capped what consumers will have to pay for expensive medications each month. The new limits, set to go into effect in January, mark a first for state exchanges nationwide, according to Covered California. The exchange's four-member board approved the changes unanimously Thursday. Most consumers will have their specialty drug costs capped at $250 per month, per prescription. But the exchange resisted pleas from patient advocates to extend that same limit to Bronze health plans, the cheapest coverage available on the state-run marketplace. The monthly cap on Bronze plans will be $500 a month -- after...

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