Medicare Rx Drug Benefit and Discount Act of 2003
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Outlines standard coverage benefit packages. Includes for the standard package a monthly premium of $25, an annual deductible of $100, a coinsurance of 20 percent and an annual out-of-pocket spending limit of $2,000. Directs the Secretary to negotiate fair prices with pharmaceutical manufacturers.
Amends part C (Medicare+Choice) of SSA title XVIII to provide for the availability of prescription medicine benefits under the Medicare+Choice program.
Provides for accelerated generic drug competition under the Federal Food, Drug, and Cosmetic Act.
Referred to the Subcommittee on Health.
- Introduced in House Formatted Text PDF
Cite this page
U.S. Congress. (2026). H.R. 1199: Medicare Rx Drug Benefit and Discount Act of 2003. 108th Congress. Open America. https://openamerica.io/bill/108-HR-1199/
"H.R. 1199: Medicare Rx Drug Benefit and Discount Act of 2003." 108th Congress, 2026, Open America, https://openamerica.io/bill/108-HR-1199/.
H.R. 1199, 108th Cong. (2026), https://openamerica.io/bill/108-HR-1199/.
[H.R. 1199: Medicare Rx Drug Benefit and Discount Act of 2003](https://openamerica.io/bill/108-HR-1199/)