S 2858
114th Congress
Senate
Health
Congressional oversight
Drug therapy
Government information and archives
Health care costs and insurance
Medicare
Prescription drugs
Public contracts and procurement
Prescription Drug and Health Improvement Act of 2016
Introduced: April 27, 2016
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 27, 2016
Read twice and referred to the Committee on Finance.
Apr 27, 2016
Introduced in Senate
Plain-English summary
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.
What's happening now
Read twice and referred to the Committee on Finance.
Committees of jurisdiction
1