US SB1083 | 2015-2016 | 114th Congress

Status

Spectrum: Moderate Partisan Bill (Democrat 16-2)
Status: Introduced on April 23 2015 - 25% progression, died in committee
Action: 2015-04-23 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]

Summary

Medicare Drug Savings Act of 2015 Amends part D (Voluntary Prescription Drug Benefit Program) of title XVIII (Medicare) of the Social Security Act (SSAct) to require drug manufacturers to pay the Secretary of Health and Human Services drug rebates for rebate eligible (low-income) individuals. Excludes from Medicare coverage as a part D drug any drug or biological manufactured by a manufacturer that has not entered into and have in effect a rebate agreement with the Secretary. Requires a rebate agreement to require a drug or biological manufacturer to provide to the Secretary a rebate, determined according to a specified formula, for each rebate period ending after December 31, 2015, for any covered Medicare part D drug dispensed after that date to any rebate eligible individual for which payment was made by a prescription drug plan sponsor or MedicareAdvantage organization for such period. Specifies a formula for determination of Medicaid rebate amounts for such drugs or biologicals. Amends SSAct title XIX (Medicaid) to exclude any amounts paid under a rebate agreement from the determination of best price and average manufacturer price under the Medicaid program.

Tracking Information

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Title

Medicare Drug Savings Act of 2015

Sponsors


History

DateChamberAction
2015-04-23SenateRead twice and referred to the Committee on Finance.

Same As/Similar To

HB2005 (Same As) 2015-05-13 - Referred to the Subcommittee on Health.
HB3513 (Related) 2015-09-18 - Referred to the Subcommittee on Health.
SB2023 (Related) 2015-09-10 - Read twice and referred to the Committee on Finance.

Subjects


US Congress State Sources


Bill Comments

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