3.0.0 2089 2023-01-11T20:27:41Z 2023-01-11T20:27:41Z Senate S S 2007-09-25 110 ssfi00 Finance Committee Senate Standing Referred to 2007-09-25T19:43:25Z 2007-09-25 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. IntroReferral 2007-09-25 Introduced in Senate IntroReferral 10000 9 Library of Congress N000032 Sen. Nelson, Bill [D-FL] CLARENCE NELSON D FL WILLIAM N W000802 Sen. Whitehouse, Sheldon [D-RI] Sheldon Whitehouse D RI 2007-09-25 True M000702 Sen. Mikulski, Barbara A. [D-MD] BARBARA MIKULSKI D MD ANN 2007-09-25 True C001035 Sen. Collins, Susan M. [R-ME] Susan Collins R ME M. 2007-09-25 True K000305 Sen. Kohl, Herb [D-WI] HERBERT KOHL D WI H. 2007-09-25 True K000148 Sen. Kerry, John F. [D-MA] JOHN KERRY D MA FORBES 2007-09-25 True J000177 Sen. Johnson, Tim [D-SD] TIM JOHNSON D SD 2007-09-26 False D000432 Sen. Dorgan, Byron L. [D-ND] BYRON DORGAN D ND LESLIE 2007-09-26 False B000711 Sen. Boxer, Barbara [D-CA] BARBARA BOXER D CA 2007-10-15 False C000127 Sen. Cantwell, Maria [D-WA] Maria Cantwell D WA 2007-10-15 False R000361 Sen. Rockefeller, John D., IV [D-WV] JAY ROCKEFELLER D WV 2008-02-11 False Health Commerce Drug industry Drugs Government Operations and Politics Medicare Prescription pricing Social Welfare Health 00 2007-09-25 Introduced in Senate 2007-11-02T20:47:30Z Medicare Prescription Drug Gap Reduction Act of 2007 - Amends title XVIII (Medicare) of the Social Security Act (SSA) to reduce the coverage gap in prescription drug coverage under SSA part D (Voluntary Prescription Drug Benefit Program), based on savings to the Medicare program resulting from the negotiation of prescription drug prices.

Grants the Secretary of Health and Human Services authority similar to that of other federal entities that purchase prescription drugs in bulk to negotiate contracts with manufacturers of covered part D drugs.

States that the Secretary shall be required to: (1) negotiate contracts with manufacturers of covered part D drugs for each fallback prescription drug plan; and (2) participate in negotiation of contracts of any covered part D drug upon request of an approved prescription drug plan or Medicare Advantage Prescription Drug Plan.

Prohibits the Secretary from requiring a particular formulary or instituting a price structure for the reimbursement of covered part D drugs in order to carry out, and promote competition, under part D.

]]> Medicare Prescription Drug Gap Reduction Act of 2007 Official Title as Introduced A bill to amend title XVIII of the Social Security Act to reduce the coverage gap in prescription drug coverage under part D of such title based on savings to the Medicare program resulting from the negotiation of prescription drug prices. Introduced in Senate IS Display Title Medicare Prescription Drug Gap Reduction Act of 2007 Short Titles as Introduced Medicare Prescription Drug Gap Reduction Act of 2007 Introduced in Senate 2007-09-25T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-110s2089is/xml/BILLS-110s2089is.xml 2007-09-25 Read twice and referred to the Committee on Finance. 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.