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Prescription Drug Pricing Reduction Act of 2020

Introduced: July 2, 2020 Introduced by: Grassley, Chuck Republican · Iowa See on congress.gov
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This bill died when the 116th Congress ended
It never became law before the 116th Congress (2019–2020) 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 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jul 2, 2020
Introduced in Senate
Jul 2, 2020
Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S4228)
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 Plain-English summary Congressional Research Service

Prescription Drug Pricing Reduction Act of 2020

This bill alters several programs and requirements relating to the prices of prescription drugs under Medicare and Medicaid.

Among other things, the bill

  • requires drug manufacturers to issue rebates to the Centers for Medicare & Medicaid Services (CMS) for certain drugs covered under Medicare for which the average manufacturer price increases faster than inflation;
  • requires drug manufacturers to issue rebates to the CMS for discarded amounts of certain single-dose drugs covered under Medicare, based on information reported by providers;
  • reduces the annual out-of-pocket spending threshold, and eliminates beneficiary cost-sharing above this threshold, under the Medicare prescription drug benefit;
  • requires the CMS to publish certain information, as reported by pharmacy benefit managers (PBMs), relating to drug discounts and rebates, and payments between PBMs, health plans, and pharmacies;
  • requires pass-through pricing models, and prohibits spread-pricing, for payment arrangements with PBMs under Medicaid; and
  • increases the maximum rebate payable by drug manufacturers under the Medicaid Drug Rebate Program.
What's happening now July 2, 2020

Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S4228)

 Related & companion bills 11
  • HR 1264 Related bill Payment Commission Data Act of 2019
  • HR 1781 Related bill Payment Commission Data Act of 2019
  • HR 3029 Related bill Improving Low-Income Access to Prescription Drugs Act of 2019
  • HR 4629 Related bill Star Rating for Biosimilars Act
  • HR 4649 Related bill Capping Drug Costs for Seniors Act of 2019
  • HR 5281 Related bill Drug Price Transparency in Medicaid Act of 2019
  • HR 5882 Related bill GENE Therapy Payment Act
  • S 801 Related bill A bill to amend titles XVIII and XIX of the Social Security Act to provide the Medicare Payment Advisory Commission and…
  • S 1505 Related bill Medicare Prescription Drug Fraud Prevention Act of 2019
  • S 1999 Related bill Improving Low Income Access to Prescription Drugs Act of 2019
  • S 2543 Related bill Prescription Drug Pricing Reduction Act of 2019
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 8
All 8 Republican 7
R
Sullivan, Dan
Alaska · Sep 10, 2020
 R
Cassidy, Bill
Louisiana · Jul 2, 2020
 R
Collins, Susan M.
Maine · Jul 2, 2020
 R
Daines, Steve
Montana · Jul 2, 2020
 R
Ernst, Joni
Iowa · Jul 2, 2020
 R
Hyde-Smith, Cindy
Mississippi · Jul 2, 2020
McSally, Martha
· Jul 2, 2020
 R
Murkowski, Lisa
Alaska · Jul 2, 2020
Cite this page click to expand
APA
U.S. Congress. (2026). S. 4199: Prescription Drug Pricing Reduction Act of 2020. 116th Congress. Open America. https://openamerica.io/bill/116-S-4199/
MLA
"S. 4199: Prescription Drug Pricing Reduction Act of 2020." 116th Congress, 2026, Open America, https://openamerica.io/bill/116-S-4199/.
Bluebook (legal)
S. 4199, 116th Cong. (2026), https://openamerica.io/bill/116-S-4199/.
Markdown link
[S. 4199: Prescription Drug Pricing Reduction Act of 2020](https://openamerica.io/bill/116-S-4199/)
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