DemocratBill · S. 5004· Senate(119-S-5004)

Cancer Drug Parity Act of 2026

Rep. Smith
Age: 68 years
Minnesota
Introduced
7/15/2026
Last activity
7/15/2026 — Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
Sponsored by
Tina Smith
Cosponsors
Democrat - 3Republican - 1
Health
  1. Introduced
  2. In Committee

What this bill would do

The Cancer Drug Parity Act of 2026 amends the Employee Retirement Income Security Act of 1974. It requires group health plans to ensure that cost-sharing for FDA-approved, patient-administered oral anticancer drugs is no less favorable than the cost-sharing for anticancer medications administered by a health care provider. This applies to medications that a physician finds medically necessary or clinically appropriate. The bill prohibits plans from increasing out-of-pocket costs or restricting oral medications further to comply with these rules. It also directs the Comptroller General to study the impact of these changes on out-of-pocket costs.

Yes· 3 of 22

  • Does this lower the price of prescription medicines?+7

    Reduces out-of-pocket costs for patients using FDA-approved oral anticancer medications.

  • Would households on low incomes be better off under this?+6

    Reduces the financial burden of expensive oral cancer drugs for low-income patients in group plans.

  • Would middle-income households be better off under this?+6

    Lowers out-of-pocket costs for cancer treatments for middle-class families.

The opposite

  • Would business owners be better off under this?-2

    May increase costs for business owners providing group health insurance to employees.

  • Does this lower what people pay for private health insurance?-2

    Requiring more favorable cost-sharing for oral drugs may lead insurers to raise premiums to cover costs.