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S 2474 118th Congress Senate Health Health care costs and insurance Medicare Prescription drugs

Share the Savings with Seniors Act

Introduced: July 25, 2023 Introduced by: Cornyn, John Republican · Texas See on congress.gov
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This bill died when the 118th Congress ended
It never became law before the 118th Congress (2023–2024) 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 25, 2023
Read twice and referred to the Committee on Finance.
Jul 25, 2023
Introduced in Senate
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 Plain-English summary Congressional Research Service

Share the Savings with Seniors Act

This bill limits cost-sharing for chronic care drugs under the Medicare prescription drug benefit. Chronic care drugs include blood glucose regulators other than insulin, anticoagulants, and other categories of drugs as specified in the bill.

Specifically, for costs below the annual deductible, the bill caps cost-sharing for chronic care drugs at the net price of the drug (i.e., the negotiated price net of all manufacturer price concessions); for costs above the annual deductible and below the annual out-of-pocket threshold, cost-sharing must be based on a percentage of the drug's net price (if cost-sharing for that drug is tied to the price or cost of the drug).

What's happening now July 25, 2023

Read twice and referred to the Committee on Finance.

 Related & companion bills 1
  • HR 5376 Identical bill Share the Savings with Seniors Act
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Republican 1
R
Tillis, Thomas
North Carolina · Jul 25, 2023
Cite this page click to expand
APA
U.S. Congress. (2026). S. 2474: Share the Savings with Seniors Act. 118th Congress. Open America. https://openamerica.io/bill/118-S-2474/
MLA
"S. 2474: Share the Savings with Seniors Act." 118th Congress, 2026, Open America, https://openamerica.io/bill/118-S-2474/.
Bluebook (legal)
S. 2474, 118th Cong. (2026), https://openamerica.io/bill/118-S-2474/.
Markdown link
[S. 2474: Share the Savings with Seniors Act](https://openamerica.io/bill/118-S-2474/)
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