HB5924: Lower Drug Costs Today Act
- 1Introduced (current step)
- 2Passed One Chamber
- 3Passed Both Chambers
- 4Became Law
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Bill information
Summary
To amend title XVIII of the Social Security Act with respect to the timing of changes to the annual out-of-pocket threshold for the Medicare prescription drug benefit, and to amend title XI of such Act with respect to the timing of the Medicare drug price negotiation program.
Plain-language summary
This bill modifies two Medicare drug programs by changing when certain cost-saving measures take effect. First, it adjusts when Medicare beneficiaries' annual out-of-pocket drug spending limits change each year. Second, it shifts the timeline for when Medicare can negotiate lower prices directly with pharmaceutical companies. The bill affects seniors and disabled people who use Medicare for prescription drugs. Currently, the bill has been introduced in Congress but has not yet been assigned to a .
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HB5924: Lower Drug Costs Today Act