summary
Introduced
03/14/2018
03/14/2018
In Committee
09/08/2018
09/08/2018
Crossed Over
09/05/2018
09/05/2018
Passed
10/04/2018
10/04/2018
Dead
Signed/Enacted/Adopted
10/10/2018
10/10/2018
Introduced Session
115th Congress
Bill Summary
Know the Lowest Price Act of 2018 (Sec. 2) This bill prohibits a prescription drug plan under Medicare or Medicare Advantage from restricting a pharmacy from informing an enrollee of any difference between the price, copayment, or coinsurance of a drug under the plan and a lower price of the drug without health-insurance coverage. (Such restrictions are commonly referred to as gag clauses.)
AI Summary
This bill, known as the Know the Lowest Price Act of 2018, prohibits Medicare prescription drug plans and Medicare Advantage plans from restricting pharmacies from informing patients about the difference between the negotiated price of a drug under the plan and a lower price the patient would pay without using their insurance coverage. This practice, commonly referred to as "gag clauses," is prohibited under this bill, which aims to ensure that patients have access to information about the lowest price available for their medications.
Committee Categories
Budget and Finance, Business and Industry, Health and Social Services
Sponsors (16)
Debbie Stabenow (D)*,
John Barrasso (R),
Sherrod Brown (D),
Bill Cassidy (R),
Susan Collins (R),
Catherine Cortez Masto (D),
Joe Donnelly (D),
Deb Fischer (R),
Heidi Heitkamp (D),
Dean Heller (R),
Claire McCaskill (D),
Bob Menendez (D),
Rand Paul (R),
Rob Portman (R),
Chris Van Hollen (D),
Ron Wyden (D),
Last Action
Became Public Law No: 115-262. (on 10/10/2018)
Official Document
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