SB2456: Protecting Seniors from High Drug Costs Act
- 1Introduced (current step)
- 2Passed One Chamber
- 3Passed Both Chambers
- 4Became Law
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Bill information
Summary
A bill to amend title XVIII of the Social Security Act to limit beneficiary cost-sharing to the net price of covered part D drugs.
Plain-language summary
This bill would change how much money seniors on Medicare must pay out of their own pockets for prescription drugs covered under Part D, which is Medicare's drug insurance program. Currently, seniors pay a share of the full listed price of drugs even when drug companies offer discounts. The bill would limit what seniors pay to the net price—the actual discounted price after any manufacturer rebates or price reductions are applied. This change would reduce seniors' costs by passing along savings from drug discounts directly to them. The bill is currently in the early stage, having just been introduced in Congress.
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SB2456: Protecting Seniors from High Drug Costs Act