summary
Introduced
04/22/2021
04/22/2021
In Committee
04/27/2021
04/27/2021
Crossed Over
Passed
Dead
01/03/2023
01/03/2023
Introduced Session
117th Congress
Bill Summary
A BILL To establish a fair price negotiation program, protect the Medicare program from excessive price increases, and establish an out-of-pocket maximum for Medicare part D enrollees, and for other purposes.
AI Summary
This bill establishes a fair price negotiation program to lower prices for certain high-priced single source drugs in Medicare. The bill requires manufacturers of these drugs to negotiate maximum fair prices with the Secretary of Health and Human Services, which would then be the price used by Medicare Part B and Part D plans, as well as certain group health plans and health insurance issuers. The bill also imposes inflation rebates on manufacturers for drugs in Medicare Part B and Part D that increase in price faster than inflation. Additionally, the bill redesigns the Medicare Part D benefit by lowering the out-of-pocket maximum for beneficiaries and reducing the reinsurance coverage for plans. The bill includes provisions to increase transparency around drug pricing, provide funding for the NIH and FDA to support innovation and safety activities, and establish a fund to address the opioid epidemic. Overall, the key provisions of this bill aim to lower drug prices and increase access to affordable prescription drugs for Medicare beneficiaries and other consumers.
Committee Categories
Business and Industry, Government Affairs, Health and Social Services
Sponsors (93)
Frank Pallone (D)*,
Colin Allred (D),
Jake Auchincloss (D),
Nanette Barragán (D),
Joyce Beatty (D),
Earl Blumenauer (D),
Lisa Blunt Rochester (D),
Anthony Brown (D),
Cheri Bustos (D),
Salud Carbajal (D),
Matt Cartwright (D),
Ed Case (D),
Sean Casten (D),
Kathy Castor (D),
Joaquin Castro (D),
David Cicilline (D),
Emanuel Cleaver (D),
Steve Cohen (D),
Gerry Connolly (D),
Jim Cooper (D),
Joe Courtney (D),
Angie Craig (D),
Charlie Crist (D),
Danny Davis (D),
Diana DeGette (D),
Mark DeSaulnier (D),
Theodore Deutch (D),
Debbie Dingell (D),
Michael Doyle (D),
Dwight Evans (D),
Lizzie Fletcher (D),
Lois Frankel (D),
John Garamendi (D),
Sylvia Garcia (D),
Jimmy Gomez (D),
Jahana Hayes (D),
Brian Higgins (D),
Steven Horsford (D),
Sara Jacobs (D),
Marcy Kaptur (D),
Dan Kildee (D),
Andy Kim (D),
Ann Kuster (D),
James Langevin (D),
Rick Larsen (D),
John Larson (D),
Al Lawson (D),
Ted Lieu (D),
Carolyn Maloney (D),
Sean Maloney (D),
Kathy Manning (D),
Betty McCollum (D),
Jerry McNerney (D),
Grace Meng (D),
Kweisi Mfume (D),
Gwen Moore (D),
Joe Morelle (D),
Grace Napolitano (D),
Richard Neal (D),
Joe Neguse (D),
Donald Norcross (D),
Eleanor Holmes Norton (D),
Chris Pappas (D),
Dean Phillips (D),
Lucille Roybal-Allard (D),
Dutch Ruppersberger (D),
Bobby Rush (D),
Tim Ryan (D),
Kilili Sablan (D),
John Sarbanes (D),
Jan Schakowsky (D),
Adam Schiff (D),
Bobby Scott (D),
Elissa Slotkin (D),
Adam Smith (D),
Darren Soto (D),
Abigail Spanberger (D),
Melanie Stansbury (D),
Haley Stevens (D),
Marilyn Strickland (D),
Tom Suozzi (D),
Mike Thompson (D),
Norma Torres (D),
Ritchie Torres (D),
David Trone (D),
Lauren Underwood (D),
Debbie Wasserman Schultz (D),
Maxine Waters (D),
Peter Welch (D),
Susan Wild (D),
Nikema Williams (D),
Frederica Wilson (D),
John Yarmuth (D),
Last Action
Referred to the Subcommittee on Oversight and Investigations. (on 04/27/2021)
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/117th-congress/house-bill/3/all-info |
| BillText | https://www.congress.gov/117/bills/hr3/BILLS-117hr3ih.pdf |
| Bill | https://www.congress.gov/117/bills/hr3/BILLS-117hr3ih.pdf.pdf |
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