Why 1/5: The bill's provisions do not take effect until January 1, 2028.
Virginia health insurance plans in the individual and small group markets will be required to cap prescription drug cost-sharing payments, ranging from $150 to $300 per 30-day supply depending on the plan's coverage level. These caps will apply to certain bronze, silver, gold, and platinum plans offered by carriers starting January 1, 2028.
Update
Senate Conferees: Perry, Rouse, Stanley
Update
Fiscal Impact Statement from State Corporation Commission (SB161)
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Conferees appointed by House
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House Conferees: Henson, Ward, McLaughlin
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Conference Report released
Cleared committee (favorable)
Conference report agreed to by Senate (38-Y 2-N 0-A)
Cleared committee (favorable)
Conference report agreed to by House (63-Y 33-N 0-A)
Enrolled
Enrolled
Passed a chamber
Bill text as passed Senate and House (SB161ER)
This bill has passed its votes and is headed to the Governor's desk. You still have a say — the Governor's office reads messages before deciding whether to sign.
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Summarized from the official bill text (“Health insurance; limit on cost-sharing payments for prescription drugs under certain plans.”) · Read the actual bill →
Passed a chamber
Signed by President
Passed a chamber
Signed by Speaker
Enrolled
Enrolled Bill communicated to Governor on March 31, 2026
Sent to the Governor
Governor's Action Deadline 11:59 p.m., April 13, 2026
Signed into law
Approved by Governor-Chapter 642 (effective 7/1/2026)
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Acts of Assembly Chapter text (CHAP0642)