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S 3647 109th Congress Senate Health Drugs Finance and Financial Sector Insurance premiums Medicare Prescription pricing Social Welfare

Prescription for Fairness Act of 2006

Introduced: July 12, 2006 See on congress.gov
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 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jul 12, 2006
Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S7422)
Jul 12, 2006
Sponsor introductory remarks on measure. (CR S7421-7422)
Jul 12, 2006
Introduced in Senate
 Plain-English summary Congressional Research Service

Prescription for Fairness Act of 2006 - Amends title XVIII (Medicare) of the Social Security Act to waive the monthly beneficiary premium under a prescription drug plan or a Medicare Advantage-Prescription Drug (MA-PD) plan during months in which an individual enrolled in such a plan has a gap in the prescription drug coverage. Describes such a gap as the period between the date on which the individual has reached the initial coverage limit and the date on which he or she has reached the annual out-of-pocket threshold.

Directs the Secretary of Health and Human Services to reduce the initial funding of the Medicare Advantage Regional Plan Stabilization Fund to offset the estimated cost of such premium waivers.

What's happening now July 12, 2006

Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S7422)

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Democratic 1