summary
Introduced
04/04/2019
04/04/2019
In Committee
04/05/2019
04/05/2019
Crossed Over
Passed
Dead
12/31/2020
12/31/2020
Introduced Session
116th Congress
Bill Summary
To amend title XVIII of the Social Security Act to require certain manufacturers to report drug pricing information with respect to drugs under the Medicare program, and for other purposes. This bill requires certain manufacturers of drugs that are covered under Medicare medical services to report pricing information to the Centers for Medicare & Medicaid Services. Specifically, manufacturers of such drugs that do not have rebate agreements under the Medicaid Drug Rebate Program must report similar information as is required under the program, including average sales price, total units, and wholesale acquisition cost. Manufacturers that fail to comply or that report false information are subject to civil penalties.
AI Summary
This bill, the Drug Price Transparency Act, requires certain manufacturers of drugs covered under Medicare medical services to report pricing information to the Centers for Medicare & Medicaid Services (CMS). Specifically, manufacturers that do not have rebate agreements under the Medicaid Drug Rebate Program must report similar information, including average sales price, total units, and wholesale acquisition cost. Manufacturers that fail to comply or report false information are subject to civil penalties. The bill also directs the Inspector General of the Department of Health and Human Services to assess and report on the accuracy of the average sales price information submitted by manufacturers.
Committee Categories
Business and Industry, Health and Social Services
Sponsors (2)
Last Action
Subcommittee Hearings Held. (on 05/21/2019)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.congress.gov/bill/116th-congress/house-bill/2087/all-info |
| BillText | https://www.congress.gov/116/bills/hr2087/BILLS-116hr2087ih.pdf |
| Bill | https://www.congress.gov/116/bills/hr2087/BILLS-116hr2087ih.pdf.pdf |
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