3.0.0 2081 2022-11-01T13:50:42Z 2022-11-01T13:50:42Z Senate S 2019-07-10 116 ssfi00 Finance Committee Senate Standing Referred to 2019-07-10T20:13:06Z 2019-07-10 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. IntroReferral 2019-07-10 Introduced in Senate IntroReferral 10000 9 Library of Congress P000595 Sen. Peters, Gary C. [D-MI] Gary Peters D MI N S000770 Sen. Stabenow, Debbie [D-MI] Debbie Stabenow D MI 2019-07-10 True Health Government information and archives Government trust funds Health care costs and insurance Home and outpatient care Inflation and prices Manufacturing Medicare Prescription drugs Health 00 2019-07-10 Introduced in Senate 2020-10-13T14:43:06Z Stop Drug Companies from Overcharging Seniors in Medicare Part B Act of 2019

This bill requires manufacturers of covered drugs under Medicare medical services to issue rebates to the Centers for Medicare & Medicaid Services. Rebates are calculated based on the number of units sold and the amount by which the manufacturer price exceeds inflation. The bill's requirements do not apply to drugs that cost less than $100 annually per user in 2020 (and as adjusted for inflation annually thereafter) or to drugs on a specified drug shortage list.

The bill also eliminates cost-sharing for such drugs for beneficiaries whose out-of-pocket costs meet or exceed a specified threshold.

]]> Stop Drug Companies from Overcharging Seniors in Medicare Part B Act of 2019 Display Title Stop Drug Companies from Overcharging Seniors in Medicare Part B Act of 2019 Short Title(s) as Introduced Stop Drug Companies from Overcharging Seniors in Medicare Part B Act of 2019 Introduced in Senate IS Official Title as Introduced A bill to amend title XVIII of the Social Security Act to require drug manufacturers to provide rebates for drugs furnished under Medicare part B for which the growth in average sales price has exceeded inflation, and for other purposes. Introduced in Senate IS Introduced in Senate 2019-07-10T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-116s2081is/xml/BILLS-116s2081is.xml 2019-07-10 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.