3.0.0 2652 2022-02-03T05:37:35Z 2023-01-13T16:29:02Z Senate S S 2004-07-14 108 Medicare Prescription Drug Savings and Choice Act of 2004 108 2257 S 2004-03-30 Read twice and referred to the Committee on Finance. Identical bill CRS 2004-07-15 Senate Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 639. Calendars 2004-07-14 Senate Introduced in the Senate. Read the first time. Placed on Senate Legislative Calendar under Read the First Time. Calendars 2004-07-14 Sponsor introductory remarks on measure. (CR S8119-8122) IntroReferral B00100 9 Library of Congress 2004-07-14 Introduced in Senate IntroReferral 10000 9 Library of Congress D000563 Sen. Durbin, Richard J. [D-IL] Richard Durbin D IL J. N D000596 Sen. Dayton, Mark [D-MN] MARK DAYTON D MN 2004-07-14 True L000261 Sen. Levin, Carl [D-MI] CARL LEVIN D MI MILTON 2004-07-14 True Health Commerce Drug industry Drugs Finance and Financial Sector Insurance premiums Medical economics Medicare Prescription pricing Social Welfare Health 00 2004-07-14 Introduced in Senate 2004-08-02T19:44:15Z Medicare Prescription Drug Savings and Choice Act of 2004 - Amends part D (Voluntary Prescription Drug Benefit Program) of title XVIII (Medicare) of the Social Security Act, as added by the Medicare Prescription Drug, Improvement, and Modernization Act of 2003, to direct the Secretary of Health and Human Services, for each year beginning with 2006, to: (1) offer one or more Medicare operated prescription drug plans nationally that offer qualified prescription drug coverage and access to negotiated prices, while allowing the plan to offer supplemental prescription drug coverage in the same manner as other qualified prescription drug coverage offered by other prescription drug plans; and (2) enter into negotiations with pharmaceutical manufacturers to reduce the purchase cost of covered Medicare part D drugs for eligible part D individuals, and encourage the use of more affordable therapeutic equivalents.

Requires the monthly beneficiary premium charged under such a plan to be uniform nationally. Makes the premium for months in 2006 $35. Bases the premium for months in succeeding years on the average monthly per capita actuarial cost of offering the Medicare operated prescription drug plan for the year involved, including administrative expenses. Allows for adjustment of such premium amount in case of supplemental prescription drug coverage.

]]> Medicare Prescription Drug Savings and Choice Act of 2004 Short Titles as Introduced Medicare Prescription Drug Savings and Choice Act of 2004 Display Title Medicare Prescription Drug Savings and Choice Act of 2004 Official Title as Introduced A bill to amend title XVIII of the Social Security Act to deliver a meaningful benefit and lower prescription drug prices under the medicare program. Placed on Calendar Senate 2004-07-15T04:00:00Z 2004-07-15 Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 639. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.