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S 2327 117th Congress Senate Health Accounting and auditing Administrative law and regulatory procedures Alternative dispute resolution, mediation, arbitration Civil actions and liability Department of Health and Human Services Health care costs and insurance Health care coverage and access Inflation and prices Manufacturing Medicare Prescription drugs Public contracts and procurement

Seniors Prescription Drug Relief Act

Introduced: July 13, 2021 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
Jul 13, 2021
Read twice and referred to the Committee on Finance.
Jul 13, 2021
Introduced in Senate
 Plain-English summary Congressional Research Service

Seniors Prescription Drug Relief Act

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

For example, the bill caps annual out-of-pocket spending under the Medicare prescription drug benefit. It also establishes (1) a program under which drug manufacturers must, subject to civil penalties, provide discounts for covered drugs for beneficiaries who have incurred costs above the annual deductible; and (2) a process through which certain beneficiaries may have their monthly out-of-pocket costs capped and paid in monthly installments.

What's happening now July 13, 2021

Read twice and referred to the Committee on Finance.

 Committees of jurisdiction 1