summary
Introduced
04/01/2025
04/01/2025
In Committee
04/01/2025
04/01/2025
Crossed Over
Passed
Dead
Introduced Session
119th Congress
Bill Summary
A BILL To amend title XVIII of the Social Security Act to apply prescription drug inflation rebates to drugs furnished in the commercial market and to change the base year for rebate calculations.
AI Summary
This bill aims to modify how prescription drug inflation rebates are calculated and applied, focusing on both Medicare Part B and Part D drugs. Specifically, the legislation changes the base year for rebate calculations from 2021 to 2016 and expands the scope of drug units subject to rebates. For Part B drugs, the bill alters how billing units are determined by excluding units paid through state Medicaid plans and adjusting calculation methodologies. For Part D drugs, the bill introduces new exclusions for units covered by Medicaid, units already subject to rebates, and starting in 2026, units covered under the 340B drug pricing program (a federal program that requires drug manufacturers to provide discounts to certain healthcare organizations). The changes would take effect in January 2026 for Part B drugs and October 2025 for Part D drugs. The overall goal appears to be creating a more comprehensive and accurate system for calculating drug pricing and rebates across different healthcare markets, potentially helping to lower prescription drug costs for patients and healthcare systems.
Committee Categories
Business and Industry
Sponsors (3)
Last Action
Referred to the Committee on Energy and Commerce, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. (on 04/01/2025)
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/119th-congress/house-bill/2554/all-info |
| BillText | https://www.congress.gov/119/bills/hr2554/BILLS-119hr2554ih.pdf |
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