summary
Introduced
10/11/2019
10/11/2019
In Committee
10/14/2019
10/14/2019
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 provide for a cap on beneficiary liability under part D of the Medicare program, and for other purposes. This bill reduces the annual out-of-pocket spending threshold, and eliminates beneficiary cost-sharing above this threshold, under the Medicare prescription drug benefit.
AI Summary
This bill reduces the annual out-of-pocket spending threshold and eliminates beneficiary cost-sharing above this threshold under the Medicare prescription drug benefit (Part D). Specifically, it establishes a new Manufacturer Discount Program starting in 2022 that will require drug manufacturers to provide discounted prices to Medicare beneficiaries who have incurred high drug costs. The bill also reduces the government's "reinsurance" payments to Part D plans for high-cost beneficiaries, which offsets some of the cost of the new discount program.
Committee Categories
Business and Industry, Health and Social Services
Sponsors (4)
Last Action
Sponsor introductory remarks on measure. (CR H8607) (on 10/30/2019)
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/4649/all-info |
| BillText | https://www.congress.gov/116/bills/hr4649/BILLS-116hr4649ih.pdf |
| Bill | https://www.congress.gov/116/bills/hr4649/BILLS-116hr4649ih.pdf.pdf |
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