Prescription Drug and Health Improvement Act of 2016
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Prescription Drug and Health Improvement Act of 2016
This bill amends title XVIII (Medicare) of the Social Security Act to require the Centers for Medicare & Medicaid Services (CMS) to negotiate lower prices on behalf of Medicare and Medicare Advantage (MA) beneficiaries for covered prescription drugs that CMS deems appropriate for negotiation based on: (1) program and per-beneficiary spending, (2) unit cost increases over the preceding years, (3) initial launch price, and (4) any other criteria determined by CMS.
CMS may negotiate lower prices on behalf of Medicare and MA beneficiaries for other covered prescription drugs, as well.
Read twice and referred to the Committee on Finance.
- Introduced in Senate Formatted Text PDF Formatted XML
Cite this page
U.S. Congress. (2026). S. 2858: Prescription Drug and Health Improvement Act of 2016. 114th Congress. Open America. https://openamerica.io/bill/114-S-2858/
"S. 2858: Prescription Drug and Health Improvement Act of 2016." 114th Congress, 2026, Open America, https://openamerica.io/bill/114-S-2858/.
S. 2858, 114th Cong. (2026), https://openamerica.io/bill/114-S-2858/.
[S. 2858: Prescription Drug and Health Improvement Act of 2016](https://openamerica.io/bill/114-S-2858/)