Richmond, VA – On January 29th, HB 2515 introduced by Delegate Tim Hugo (R-40), passed a Commerce and Labor Subcommittee in the Virginia House of Delegates.
If passed into law, HB 2515 would ban accumulator adjustor programs (AAPs). AAPs are regulations placed by insurance companies that prevent coupons from contributing to a patient’s deductible for prescription drugs, making healthcare more expensive. Delegate Hugo’s bill will allow patients to use these discount coupons to get cheaper drugs when they go to the pharmacy.
The ban would prevent AAPs from increasing personal healthcare costs for patients, and lower the lifetime costs for patients living with chronic disease.
“Healthcare costs are already exorbitant for almost every Virginian,” Delegate Tim Hugo said. “This is a meaningful step to lower out of pocket costs for hardworking Virginians.”
Delegate Tim Hugo is the Majority Caucus Chairman, and has represented the 40th District since 2003. The 40th District includes parts of Prince William and Fairfax Counties.