summary
Introduced
07/30/2020
07/30/2020
In Committee
07/30/2020
07/30/2020
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 Medicare part D beneficiaries with certain offset payments and reduce the growth rate of the Medicare part D out-of-pocket cost threshold, and for other purposes. This bill modifies and establishes certain requirements under the Medicare prescription drug benefit. Specifically, the bill lowers the annual out-of-pocket spending threshold for 2021, and requires the Centers for Medicare & Medicaid Services to issue payments to beneficiaries who exceed a modified 2020 threshold, as specified.
AI Summary
This bill modifies and establishes certain requirements under the Medicare prescription drug benefit. Specifically, it lowers the annual out-of-pocket spending threshold for 2021, and requires the Centers for Medicare & Medicaid Services to issue payments to beneficiaries who exceed a modified 2020 threshold. The bill aims to provide Medicare Part D beneficiaries with certain offset payments and reduce the growth rate of the Medicare Part D out-of-pocket cost threshold.
Committee Categories
Business and Industry, Health and Social Services
Sponsors (2)
Last Action
Referred to the Subcommittee on Health. (on 07/30/2020)
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/7877/all-info |
| BillText | https://www.congress.gov/116/bills/hr7877/BILLS-116hr7877ih.pdf |
| Bill | https://www.congress.gov/116/bills/hr7877/BILLS-116hr7877ih.pdf.pdf |
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