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Bill > HR6733


US HR6733

US HR6733
Know the Cost Act of 2018


summary

Introduced
09/07/2018
In Committee
09/13/2018
Crossed Over
Passed
Dead
12/31/2018

Introduced Session

115th Congress

Bill Summary

Know the Cost Act of 2018

AI Summary

This bill, known as the Know the Cost Act of 2018, prohibits group health plans, health insurance issuers, prescription drug plan sponsors, and Medicare Advantage organizations from restricting or penalizing pharmacies for informing enrollees about any differential between their out-of-pocket cost for a drug under the plan and the amount they would pay without using the plan. Additionally, the bill requires Medicare to provide annual notices to enrollees in prescription drug plans and Medicare Advantage plans about the potential effects that purchasing a drug without using the plan's benefits may have on their deductible and future cost-sharing obligations.

Committee Categories

Business and Industry

Sponsors (22)

Last Action

Ordered to be Reported by Voice Vote. (on 09/13/2018)

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