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H.R. 1775 115th Congress House

Prescription Reduction in Costs for Everyone (PRICE) Act of 2017

Official title: To amend part D of title XVIII of the Social Security Act to direct the President to negotiate prescription drug prices and establish a formulary on behalf of … Show full official titleShow less

Official title: To amend part D of title XVIII of the Social Security Act to direct the President to negotiate prescription drug prices and establish a formulary on behalf of Medicare beneficiaries, and for other purposes.

Introduced: March 29, 2017 See on congress.gov
Health MedicarePrescription drugsPresidents and presidential powers, Vice PresidentsPublic contracts and procurement
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This bill died when the 115th Congress ended
It never became law before the 115th Congress (2017–2018) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 4 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 5, 2017
Referred to the Subcommittee on Health.
Mar 31, 2017
Referred to the Subcommittee on Health.
Mar 29, 2017
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.
Mar 29, 2017
Introduced in House
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 Latest action April 5, 2017

Referred to the Subcommittee on Health.

 Plain-English summary Congressional Research Service

Prescription Reduction in Costs for Everyone (PRICE) Act of 2017

This bill amends title XVIII (Medicare) of the Social Security Act to require the President, with respect to offering one or more Medicare-operated prescription drug plan options, to: (1) negotiate prices with drug manufacturers, and (2) establish and apply a formulary and formulary incentives. In general, a Medicare-operated drug plan must meet the same requirements as apply to other prescription drug plans.

The President must report to Congress biannually on negotiations conducted by the President to achieve lower prices for Medicare beneficiaries.

 Related & companion bills 2
  • HR 6575 Medicare Prescription Drug Savings and Choice Act of 2018
  • S 1688 Empowering Medicare Seniors to Negotiate Drug Prices Act of 2017
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 4
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APA
U.S. Congress. (2026). H.R. 1775: Prescription Reduction in Costs for Everyone (PRICE) Act of 2017. 115th Congress. Open America. https://openamerica.io/bill/115-HR-1775/
MLA
"H.R. 1775: Prescription Reduction in Costs for Everyone (PRICE) Act of 2017." 115th Congress, 2026, Open America, https://openamerica.io/bill/115-HR-1775/.
Bluebook (legal)
H.R. 1775, 115th Cong. (2026), https://openamerica.io/bill/115-HR-1775/.
Markdown link
[H.R. 1775: Prescription Reduction in Costs for Everyone (PRICE) Act of 2017](https://openamerica.io/bill/115-HR-1775/)
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