Lowering Drug Costs for Seniors Act of 2020
Official title: To amend title XVIII of the Social Security Act to provide Medicare part D beneficiaries with certain offset payments and reduce the growth rate of the Medicar… Show full official titleShow less
Official title: To amend title XVIII of the Social Security Act to provide Medicare part D beneficiaries with certain offset payments and reduce the growth rate of the Medicare part D out-of-pocket cost threshold, and for other purposes.
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Referred to the Subcommittee on Health.
Lowering Drug Costs for Seniors Act of 2020
This bill modifies and establishes certain requirements under the Medicare prescription drug benefit. Specifically, the bill lowers the annual out-of-pocket spending threshold for 2021, and requires the Centers for Medicare & Medicaid Services to issue payments to beneficiaries who exceed a modified 2020 threshold, as specified.
- Introduced in House Formatted Text PDF Formatted XML
Cite this page
U.S. Congress. (2026). H.R. 7877: Lowering Drug Costs for Seniors Act of 2020. 116th Congress. Open America. https://openamerica.io/bill/116-HR-7877/
"H.R. 7877: Lowering Drug Costs for Seniors Act of 2020." 116th Congress, 2026, Open America, https://openamerica.io/bill/116-HR-7877/.
H.R. 7877, 116th Cong. (2026), https://openamerica.io/bill/116-HR-7877/.
[H.R. 7877: Lowering Drug Costs for Seniors Act of 2020](https://openamerica.io/bill/116-HR-7877/)