S 2864 114th Congress Senate

RxCAP Act of 2016

Official title: A bill to amend title XVIII of the Social Security Act to prevent catastrophic out-of-pocket spending on prescription drugs for seniors and individuals with disabilities.

Introduced: June 28, 2016 Introduced by: Wyden, Ron Democratic · Oregon See on congress.gov

Health MedicarePrescription drugs

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

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Latest action April 27, 2016

Read twice and referred to the Committee on Finance.

Plain-English summary Congressional Research Service

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.

Bill text 1 version