S 3000
116th Congress
Senate
Health
Drug therapy
Health care costs and insurance
Medicare
Prescription drugs
Patient Shared Savings Act
Introduced: December 9, 2019
Introduced by:
Cassidy, Bill
Republican
· Louisiana
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Dec 9, 2019
Read twice and referred to the Committee on Finance.
Dec 9, 2019
Introduced in Senate
Plain-English summary
Patient Shared Savings Act
This bill allows a prescription drug plan (PDP) sponsor under the Medicare prescription drug benefit to share realized savings from an enrollee's switch to a lower-cost therapeutic alternative with the enrollee, in accordance with specified requirements. Among other requirements, the enrollee must have been taking the original prescription drug for at least two months and must have consulted with a physician before making the switch. PDP sponsors must share the savings in a tangible form that directly benefits the enrollee (e.g., a monetary rebate).
What's happening now
Read twice and referred to the Committee on Finance.
Committees of jurisdiction
1
Cosponsors
1