3.0.0 2327 2023-01-01T23:43:53Z 2023-01-01T23:43:53Z Senate S 2021-07-13 117 ssfi00 Finance Committee Senate Standing Referred to 2021-07-13T19:56:58Z Reduced Costs and Continued Cures Act 117 5260 HR 2022-11-01 Referred to the Subcommittee on Courts, Intellectual Property, and the Internet. Related bill CRS Reduced Costs and Continued Cures Act of 2021 117 5237 HR 2022-11-01 Referred to the Subcommittee on Courts, Intellectual Property, and the Internet. Related bill CRS Inflation Reduction Act of 2022 117 5376 HR 2022-08-16 Became Public Law No: 117-169. Related bill CRS Fair Care Act of 2022 117 8588 HR 2022-11-01 Referred to the Subcommittee on Courts, Intellectual Property, and the Internet. Related bill CRS 2021-07-13 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. IntroReferral 2021-07-13 Introduced in Senate IntroReferral 10000 9 Library of Congress C001075 Sen. Cassidy, Bill [R-LA] Bill Cassidy R LA N M000639 Sen. Menendez, Robert [D-NJ] Robert Menendez D NJ 2021-07-13 True Health Accounting and auditing Administrative law and regulatory procedures Alternative dispute resolution, mediation, arbitration Civil actions and liability Department of Health and Human Services Health care costs and insurance Health care coverage and access Inflation and prices Manufacturing Medicare Prescription drugs Public contracts and procurement Health 00 2021-07-13 Introduced in Senate 2022-08-23T14:41:43Z Seniors Prescription Drug Relief Act

This bill establishes and alters several programs and requirements relating to the prices of prescription drugs under Medicare.

For example, the bill caps annual out-of-pocket spending under the Medicare prescription drug benefit. It also establishes (1) a program under which drug manufacturers must, subject to civil penalties, provide discounts for covered drugs for beneficiaries who have incurred costs above the annual deductible; and (2) a process through which certain beneficiaries may have their monthly out-of-pocket costs capped and paid in monthly installments.

]]> Seniors Prescription Drug Relief Act Official Title as Introduced A bill to amend title XVIII of the Social Security Act to provide for a Medicare part D modernization redesign and to establish a monthly out-of-pocket cost sharing maximum for enrollees who incur a significant portion of costs towards the annual out-of-pocket threshold under Medicare part D. Introduced in Senate IS Display Title Seniors Prescription Drug Relief Act Short Title(s) as Introduced Seniors Prescription Drug Relief Act Introduced in Senate IS Introduced in Senate 2021-07-13T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-117s2327is/xml/BILLS-117s2327is.xml 2021-07-13 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.