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HR 4115 118th Congress House Health Government information and archives Health care costs and insurance Medicare Prescription drugs

Lower Drug Costs for Families Act

Introduced: June 14, 2023 Introduced by: Gallego, Ruben Democratic · Arizona See on congress.gov
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 Everywhere this bill has been 4 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Dec 17, 2024
Referred to the Subcommittee on Health.
Jun 16, 2023
Referred to the Subcommittee on Health.
Jun 14, 2023
Referred to the Committee on Energy and Commerce, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Jun 14, 2023
Introduced in House
 Plain-English summary Congressional Research Service

Lower Drug Costs for Families Act

This bill applies certain Medicare prescription drug rebate requirements to prescription drugs that are available under private health insurance.

Current law requires drug manufacturers to issue rebates to the Centers for Medicare & Medicaid Services for brand-name drugs without generic equivalents under Medicare that (1) cost $100 or more per year per individual, and (2) for which prices increase faster than inflation. Manufacturers that fail to comply are subject to civil penalties.

The bill applies these requirements to prescription drugs that are available in the commercial market under private health insurance. It also indexes rebate calculations to drug prices in 2016 (as opposed to 2021).

What's happening now December 17, 2024

Referred to the Subcommittee on Health.

 Committees of jurisdiction 4
 Cosponsors 2
All 2 Democratic 2