WASHINGTON, July 20 -- Sen. Tina Smith issued the following press release:
U.S. Senators Tina Smith (D-MN) and Jerry Moran (R-KS) reintroduced bipartisan legislation to cut costs for cancer patients. Specifically, the bill would ensure cancer patients who are prescribed oral chemotherapy medication can access their drugs at comparable prices to other cancer treatments.
Their Cancer Drug Parity Act requires health insurers to cover patient-administered (oral) cancer medications at the same cost-sharing level as traditional intravenous (IV) anticancer drug treatments, closing the coverage gap for federally regulated health plans.
Over 2 million Americans are estimated to be diagnosed with cancer each year, and oral medications are a simp...