3.0.0 3000 2022-10-28T01:46:01Z 2022-10-28T01:46:01Z Senate S 2019-12-09 116 ssfi00 Finance Committee Senate Standing Referred to 2019-12-09T22:55:26Z 2019-12-09 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. IntroReferral 2019-12-09 Introduced in Senate IntroReferral 10000 9 Library of Congress C001075 Sen. Cassidy, Bill [R-LA] Bill Cassidy R LA N H001076 Sen. Hassan, Margaret Wood [D-NH] Maggie Hassan D NH 2019-12-09 True Health Drug therapy Health care costs and insurance Medicare Prescription drugs Health 00 2019-12-09 Introduced in Senate 2020-12-04T20:32:24Z Patient Shared Savings Act

This bill allows a prescription drug plan (PDP) sponsor under the Medicare prescription drug benefit to share realized savings from an enrollee's switch to a lower-cost therapeutic alternative with the enrollee, in accordance with specified requirements. Among other requirements, the enrollee must have been taking the original prescription drug for at least two months and must have consulted with a physician before making the switch. PDP sponsors must share the savings in a tangible form that directly benefits the enrollee (e.g., a monetary rebate).

]]> Patient Shared Savings Act Display Title Patient Shared Savings Act Short Title(s) as Introduced Patient Shared Savings Act Introduced in Senate IS Official Title as Introduced A bill to amend title XVIII of the Social Security Act to allow PDP sponsors of prescription drug plans and Medicare Advantage organizations offering MA-PD plans to share with enrollees a portion of savings from switching to lower cost therapeutic alternative medications. Introduced in Senate IS Introduced in Senate 2019-12-09T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-116s3000is/xml/BILLS-116s3000is.xml 2019-12-09 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.