[Congressional Bills 112th Congress]
[From the U.S. Government Publishing Office]
[S. 733 Introduced in Senate (IS)]

112th CONGRESS
  1st Session
                                 S. 733

 To amend part B of title XVIII of the Social Security Act to exclude 
 customary prompt pay discounts from manufacturers to wholesalers from 
   the average sales price for drugs and biologicals under Medicare.


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                   IN THE SENATE OF THE UNITED STATES

                             April 5, 2011

  Mr. Roberts (for himself and Ms. Stabenow) introduced the following 
  bill; which was read twice and referred to the Committee on Finance

_______________________________________________________________________

                                 A BILL


 
 To amend part B of title XVIII of the Social Security Act to exclude 
 customary prompt pay discounts from manufacturers to wholesalers from 
   the average sales price for drugs and biologicals under Medicare.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. EXCLUDING CUSTOMARY PROMPT PAY DISCOUNTS FROM MANUFACTURERS 
              TO WHOLESALERS FROM THE AVERAGE SALES PRICE FOR MEDICARE 
              PAYMENTS FOR DRUGS AND BIOLOGICALS.

    (a) In General.--Section 1847A(c)(3) of the Social Security Act (42 
U.S.C. 1395w-3a(c)(3)) is amended--
            (1) in the first sentence, by inserting ``(other than 
        customary prompt pay discounts extended to wholesalers)'' after 
        ``prompt pay discounts''; and
            (2) in the second sentence, by inserting ``(other than 
        customary prompt pay discounts extended to wholesalers)'' after 
        ``other price concessions''.
    (b) Effective Date.--The amendments made by this section shall 
apply to drugs and biologicals that are furnished on or after January 
1, 2012.
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