HB 2515 bans 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.”