S 2864
114th Congress
Senate
Health
Medicare
Prescription drugs
RxCAP Act of 2016
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
Reducing Existing Costs Associated with Pharmaceuticals for Seniors Act of 2016 or the RxCAP Act of 2016
This bill amends title XVIII (Medicare) of the Social Security Act to eliminate beneficiary cost-sharing above the Medicare prescription benefit's annual out-of-pocket threshold beginning in plan year 2018. Under current law, the Medicare prescription drug benefit provides coverage above that threshold only with cost-sharing in the form of either copayment or coinsurance.
What's happening now
Read twice and referred to the Committee on Finance.
Committees of jurisdiction
1