Congressman Jake Auchincloss introduced the ACA Copay Cost and Affordability for Patients Act to limit prescription drug costs for ACA enrollees.
Quiver AI Summary
Congressman Auchincloss introduces the CAP Act: On November 21, 2025, Congressman Jake Auchincloss announced the introduction of the ACA Copay Cost and Affordability for Patients (CAP) Act, aimed at capping annual prescription drug costs for ACA Marketplace enrollees at $2,000 for individuals and $4,000 for families starting in 2027.
Rationale behind the legislation: The bill addresses rising out-of-pocket drug expenses, which have surged by 36% since 2021, impacting many patients financially. Auchincloss emphasized the need for trust in insurance coverage, stating, “Insurance doesn’t work if the co-pays and deductibles are unaffordable.”
Support and anticipated impact: Various organizations, including Third Way and the Center for Health and Democracy, endorsed the bill, highlighting its potential to alleviate financial burdens on families amidst skyrocketing drug prices. Full details of the bill can be found on Auchincloss’s official website.
Disclaimer: This is an AI-generated summary of a press release. The model used to summarize this release may make mistakes. See the full release here.
Jake Auchincloss Fundraising
Jake Auchincloss recently disclosed $536.6K of fundraising in a Q3 FEC disclosure filed on October 15th, 2025. This was the 140th most from all Q3 reports we have seen this year. 81.5% came from individual donors.
Auchincloss disclosed $158.8K of spending. This was the 379th most from all Q3 reports we have seen from politicians so far this year.
Auchincloss disclosed $6.5M of cash on hand at the end of the filing period. This was the 36th most from all Q3 reports we have seen this year.
You can see the disclosure here, or track Jake Auchincloss's fundraising on Quiver Quantitative.
Jake Auchincloss Net Worth
Quiver Quantitative estimates that Jake Auchincloss is worth $3.9M, as of November 21st, 2025. This is the 190th highest net worth in Congress, per our live estimates.
Auchincloss has approximately $2.0M invested in publicly traded assets which Quiver is able to track live.
You can track Jake Auchincloss's net worth on Quiver Quantitative's politician page for Auchincloss.
Jake Auchincloss Bill Proposals
Here are some bills which have recently been proposed by Jake Auchincloss:
- H.R.6171: To amend the Patient Protection and Affordable Care Act to establish an out-of-pocket limit on spending for prescription drugs.
- H.R.4438: Power of the Mint Act
- H.R.409: Supporting Transit Commutes Act
You can track bills proposed by Jake Auchincloss on Quiver Quantitative's politician page for Auchincloss.
