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HR 2005 114th Congress House Health Health care costs and insurance Medicaid Medicare Prescription drugs Public contracts and procurement Retail and wholesale trades

Medicare Drug Savings Act of 2015

Introduced: April 23, 2015 Introduced by: Castor, Kathy Democratic · Florida See on congress.gov
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 Everywhere this bill has been 4 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 13, 2015
Referred to the Subcommittee on Health.
Apr 24, 2015
Referred to the Subcommittee on Health.
Apr 23, 2015
Referred to the Committee on Energy and Commerce, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Apr 23, 2015
Introduced in House
 Plain-English summary Congressional Research Service

Medicare Drug Savings Act of 2015

Amends part D (Voluntary Prescription Drug Benefit Program) of title XVIII (Medicare) of the Social Security Act (SSAct) to require drug manufacturers to pay the Secretary of Health and Human Services drug rebates for rebate eligible (low-income) individuals. Excludes from Medicare coverage as a part D drug any drug or biological manufactured by a manufacturer that has not entered into and have in effect a rebate agreement with the Secretary.

Requires a rebate agreement to require a drug or biological manufacturer to provide to the Secretary a rebate, determined according to a specified formula, for each rebate period ending after December 31, 2015, for any covered Medicare part D drug dispensed after that date to any rebate eligible individual for which payment was made by a prescription drug plan sponsor or MedicareAdvantage organization for such period.

Specifies a formula for determination of Medicaid rebate amounts for such drugs or biologicals.

Amends SSAct title XIX (Medicaid) to exclude any amounts paid under a rebate agreement from the determination of best price and average manufacturer price under the Medicaid program.

What's happening now May 13, 2015

Referred to the Subcommittee on Health.

 Committees of jurisdiction 4
 Cosponsors 6
All 6 Democratic 6