S 475 116th Congress Senate

RxCAP Act of 2019

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: February 13, 2019 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

Feb 13, 2019

Read twice and referred to the Committee on Finance.

Feb 13, 2019

Introduced in Senate

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Latest action February 13, 2019

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 2019 or the RxCAP Act of 2019

This bill eliminates beneficiary cost-sharing above the Medicare prescription drug benefit's annual out-of-pocket threshold beginning in plan year 2020. 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.

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Bill text 1 version