3.0.0 2858 2023-01-11T13:33:07Z 2023-01-11T13:33:07Z Senate S 2016-04-27 114 ssfi00 Finance Committee Senate Standing Referred to 2016-04-27T15:22:39Z 2016-04-27 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. IntroReferral 2016-04-27 Introduced in Senate IntroReferral 10000 9 Library of Congress F000457 Sen. Franken, Al [D-MN] Al Franken D MN N K000367 Sen. Klobuchar, Amy [D-MN] Amy Klobuchar D MN 2016-04-27 True G000555 Sen. Gillibrand, Kirsten E. [D-NY] Kirsten Gillibrand D NY E. 2016-12-06 False Health Congressional oversight Drug therapy Government information and archives Health care costs and insurance Medicare Prescription drugs Public contracts and procurement Health 00 2016-04-27 Introduced in Senate 2016-12-06T19:34:22Z Prescription Drug and Health Improvement Act of 2016

This bill amends title XVIII (Medicare) of the Social Security Act to require the Centers for Medicare & Medicaid Services (CMS) to negotiate lower prices on behalf of Medicare and Medicare Advantage (MA) beneficiaries for covered prescription drugs that CMS deems appropriate for negotiation based on: (1) program and per-beneficiary spending, (2) unit cost increases over the preceding years, (3) initial launch price, and (4) any other criteria determined by CMS.

CMS may negotiate lower prices on behalf of Medicare and MA beneficiaries for other covered prescription drugs, as well.

]]> Prescription Drug and Health Improvement Act of 2016 Display Title Prescription Drug and Health Improvement Act of 2016 Official Title as Introduced A bill to amend part D of title XVIII of the Social Security Act to require the Secretary of Health and Human Services to negotiate for lower prices for Medicare prescription drugs. Introduced in Senate IS Short Titles as Introduced Prescription Drug and Health Improvement Act of 2016 Introduced in Senate 2016-04-27T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-114s2858is/xml/BILLS-114s2858is.xml 2016-04-27 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.