Calif. ObamaCare Exchange Caps Patient Drug Costs

California’s ObamaCare exchange is announcing a cap on patients’ costs for high-priced specialty drugs, the first state in the country to do so.

The announcement, which comes after a unanimous vote by the exchange’s board Thursday, would cap the cost for most enrollees on the insurance exchange at $250 per prescription per month.

Under the current system, enrollees have to pay costs up to the deductible on their plan, which can be thousands of dollars.

“This is the first time that an exchange has ensured that all of its consumers have access to the medications they need,” said the exchange’s executive director, Peter Lee.