3.0.0 348 2023-01-11T13:34:48Z 2023-01-11T13:34:48Z Senate S 2017-02-09 115 ssfi00 Finance Committee Senate Standing Referred to 2017-02-09T21:03:43Z Improving Access To Affordable Prescription Drugs Act 115 1776 HR 2017-04-05 Referred to the Subcommittee on Health. Related bill CRS Improving Access To Affordable Prescription Drugs Act 115 771 S 2017-03-29 Read twice and referred to the Committee on Finance. Related bill CRS Empowering Medicare Seniors to Negotiate Drug Prices Act of 2017 115 1688 S 2017-08-01 Read twice and referred to the Committee on Finance. Related bill CRS 2017-02-09 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. IntroReferral 2017-02-09 Introduced in Senate IntroReferral 10000 9 Library of Congress F000457 Sen. Franken, Al [D-MN] Al Franken D MN N R000122 Sen. Reed, Jack [D-RI] John Reed D RI F. 2017-02-09 True B000944 Sen. Brown, Sherrod [D-OH] Sherrod Brown D OH 2017-02-09 True G000555 Sen. Gillibrand, Kirsten E. [D-NY] Kirsten Gillibrand D NY E. 2017-03-29 False Health Cancer Congressional oversight Drug therapy Government information and archives Government studies and investigations Health care costs and insurance Medical research Medicare Prescription drugs Public contracts and procurement Veterans' medical care Health 00 2017-02-09 Introduced in Senate 2018-02-08T20:02:05Z Prescription Drug and Health Improvement Act of 2017

This bill requires 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 the CMS deems appropriate for negotiation based on: (1) program and per-beneficiary spending, (2) unit price increases over the preceding years, (3) initial launch price, (4) availability of similarly effective alternative treatments, (5) status of the drug as a follow-on to previously approved drugs, and (6) any other criteria determined by the CMS.

If, after a one year period, negotiations with respect to a covered prescription drug prove unsuccessful, the CMS shall establish a price for the drug that is equal to the lesser of the price paid by the Department of Veterans Affairs or the price paid by the four largest federal pharmaceutical-drug purchasers.

The CMS may (but is not required to) negotiate lower prices on behalf of Medicare and MA beneficiaries for other covered prescription drugs.

The Government Accountability Office must report to Congress on the CMS' negotiations.

The Center for Medicare and Medicaid Innovation must test several specified models for negotiating drug and biological prices.

]]> Prescription Drug and Health Improvement Act of 2017 Display Title Prescription Drug and Health Improvement Act of 2017 Official Title as Introduced A bill to amend title XVIII of the Social Security Act to require the Secretary of Health and Human Services to negotiate lower covered part D drug prices on behalf of Medicare beneficiaries. Introduced in Senate IS Short Titles as Introduced Prescription Drug and Health Improvement Act of 2017 Introduced in Senate 2017-02-09T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-115s348is/xml/BILLS-115s348is.xml 2017-02-09 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.