3.0.0 123 2019-11-15T21:52:27Z 2019-11-15T21:52:27Z Senate S S 2005-01-24 109 ssfi00 Finance Committee Senate Standing Referred to 2005-01-24T23:50:45Z 2005-01-24 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S315-316) IntroReferral 2005-01-24 Sponsor introductory remarks on measure. (CR S315) IntroReferral B00100 9 Library of Congress 2005-01-24 Introduced in Senate IntroReferral 10000 9 Library of Congress F000061 Sen. Feingold, Russell D. [D-WI] RUSSELL FEINGOLD D WI D. N Health Commerce Drug industry Drugs Government Operations and Politics Government procurement Medicare Prescription pricing Social Welfare Health 00 2005-01-24 Introduced in Senate 2005-02-16T22:03:27Z Efficiency in Government Health Care Spending Act - States that it is the sense of the Senate that the Secretary of Health and Human Services should exercise the authority under title XVIII (Medicare) of the Social Security Act to negotiate prices for Medicare prescription drugs so as to assure an affordable Medicare drug benefit for Medicare beneficiaries and taxpayers.

Amends part D (Voluntary Prescription Drug Benefit Program) of SSA title XVIII (Medicare) to repeal the prohibition against the Secretary's negotiating with drug manufacturers, pharmacies, and Medicare prescription drug plan sponsors concerning the prices of prescription drugs for Medicare beneficiaries. Grants the Secretary, instead, authority similar to that of other Federal entities that purchase prescription drugs in bulk in order to negotiate contracts with manufacturers of covered part D drugs. Prohibits the Secretary from requiring a particular formulary for covered part D drugs.

]]> Efficiency in Government Health Care Spending Act Short Titles as Introduced Efficiency in Government Health Care Spending Act Display Title Efficiency in Government Health Care Spending Act Official Title as Introduced A bill to amend part D of title XVIII of the Social Security Act to provide for negotiation of fair prices for Medicare prescription drugs. Introduced in Senate 2005-01-24T05:00:00Z 2005-01-24 Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S315-316) 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.