Reducing Drug Prices for Seniors Act
Official title: To amend title XVIII of the Social Security Act to require that coinsurance for drugs under Medicare part D be based on the drug's actual acquisition cost and … Show full official titleShow less
Official title: To amend title XVIII of the Social Security Act to require that coinsurance for drugs under Medicare part D be based on the drug's actual acquisition cost and not the drug's wholesale acquisition cost.
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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.
Reducing Drug Prices for Seniors Act
This bill requires the coinsurance amount for covered drugs under the Medicare prescription drug benefit to be based on the actual acquisition cost of the drug (i.e., the negotiated price under the prescription drug plan net of any manufacturer price concessions), rather than the wholesale acquisition cost of the drug, if the actual acquisition cost is lower.
- Introduced in House Formatted Text PDF Formatted XML
- CHRONIC CARE POLICY ALLIANCE
- AMERICA'S HEALTH INSURANCE PLANS, INC. (AHIP)
- PHARMACEUTICAL CARE MANAGEMENT ASSOCIATION
- AMERICA'S HEALTH INSURANCE PLANS, INC. (AHIP)
- PHARMACEUTICAL CARE MANAGEMENT ASSOCIATION
- CHRONIC CARE POLICY ALLIANCE
Bodies those filers lobbied
- HOUSE OF REPRESENTATIVES
- SENATE
- Centers For Medicare and Medicaid Services (CMS)
- Health & Human Services, Dept of (HHS)
- Labor, Dept of (DOL)
- Executive Office of the President (EOP)
- White House Office
- Small Business Administration (SBA)
Cite this page
U.S. Congress. (2026). H.R. 1244: Reducing Drug Prices for Seniors Act. 119th Congress. Open America. https://openamerica.io/bill/119-HR-1244/
"H.R. 1244: Reducing Drug Prices for Seniors Act." 119th Congress, 2026, Open America, https://openamerica.io/bill/119-HR-1244/.
H.R. 1244, 119th Cong. (2026), https://openamerica.io/bill/119-HR-1244/.
[H.R. 1244: Reducing Drug Prices for Seniors Act](https://openamerica.io/bill/119-HR-1244/)