US Congress Senate Bill 740 (Prior Session Legislation)

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Spectrum: Moderate Partisan Bill (Democrat 18-2)
Status: Introduced on April 16 2013 - 25% progression, died in committee
Action: 2013-04-16 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]

Medicare Drug Savings Act of 2013 - Amends part D (Voluntary Prescription Drug Benefit Program) of title XVIII (Medicare) of the Social Security Act (SSA) to require drug manufacturers to pay the Secretary of Health and Human Services (HHS) 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, 2011, 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 (PDP) sponsor or MedicareAdvantage (MA) organization for such period. Specifies a formula for determination of Medicaid rebate amounts for such drugs or biologicals. Amends SSA 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.

Medicare Drug Savings Act of 2013

Sen. John Rockefeller [D-WV]	Sen. Tammy Baldwin [D-WI]	Sen. Richard Blumenthal [D-CT]	Sen. Barbara Boxer [D-CA]
Sen. Sherrod Brown [D-OH]	Sen. Richard Durbin [D-IL]	Sen. Al Franken [D-MN]	Sen. Mazie Hirono [D-HI]
Sen. Angus King [I-ME]	Sen. Amy Klobuchar [D-MN]	Sen. Patrick Leahy [D-VT]	Sen. Jeff Merkley [D-OR]
Sen. Bill Nelson [D-FL]	Sen. Jack Reed [D-RI]	Sen. Bernard Sanders [I-VT]	Sen. Brian Schatz [D-HI]
Sen. Jeanne Shaheen [D-NH]	Sen. Debbie Stabenow [D-MI]	Sen. Tom Udall [D-NM]	Sen. Sheldon Whitehouse [D-RI]

Date	Chamber	Action
2013-04-16	Senate	Read twice and referred to the Committee on Finance.
2013-04-16	Senate	Sponsor introductory remarks on measure. (CR S2687)

HB1588 (Same As) 2013-06-03 - Referred to the Subcommittee on Health.

Type	Source
Summary	https://www.congress.gov/bill/113th-congress/senate-bill/740/all-info
Text	https://www.congress.gov/113/bills/s740/BILLS-113s740is.pdf