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US S1688

US S1688
Empowering Medicare Seniors to Negotiate Drug Prices Act of 2017


summary

Introduced
08/01/2017
In Committee
08/01/2017
Crossed Over
Passed
Dead
12/31/2018

Introduced Session

115th Congress

Bill Summary

Empowering Medicare Seniors to Negotiate Drug Prices Act of 2017 This bill amends title XVIII (Medicare) of the Social Security Act to allow the Centers for Medicare & Medicaid Services to: (1) negotiate drug prices under the Medicare prescription drug benefit, and (2) institute a price structure for the reimbursement of drugs covered under the benefit.

AI Summary

This bill, the Empowering Medicare Seniors to Negotiate Drug Prices Act of 2017, amends the Social Security Act to allow the Centers for Medicare & Medicaid Services (CMS) to negotiate drug prices under the Medicare prescription drug benefit (Part D). Specifically, the bill removes the current prohibition on CMS negotiating drug prices, which would enable the agency to establish a price structure for the reimbursement of drugs covered under the Medicare Part D program.

Committee Categories

Budget and Finance

Sponsors (36)

Last Action

Read twice and referred to the Committee on Finance. (on 08/01/2017)

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