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Prescription Drug Price Relief Act of 2019

USA116th CongressS-102| Senate 
| Updated: 1/10/2019
Bernard Sanders

Bernard Sanders

Independent Senator

Vermont

Cosponsors (6)
Kirsten E. Gillibrand (Democratic)Elizabeth Warren (Democratic)Kamala D. Harris (Democratic)Amy Klobuchar (Democratic)Cory A. Booker (Democratic)Richard Blumenthal (Democratic)

Health, Education, Labor, and Pensions Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Prescription Drug Price Relief Act of 2019 This bill establishes a series of oversight and disclosure requirements relating to the prices of brand-name drugs. Specifically, the bill requires the Department of Health and Human Services (HHS) to review at least annually all brand-name drugs for excessive pricing; HHS must also review prices upon petition. If any such drugs are found to be excessively priced, HHS must (1) void any government-granted exclusivity; (2) issue open, nonexclusive licenses for the drugs; and (3) expedite the review of corresponding applications for generic drugs and biosimilar biological products. HHS must also create a public database with its determinations for each drug. Under the bill, a price is considered excessive if the domestic average manufacturing price exceeds the median price for the drug in Canada, the United Kingdom, Germany, France, and Japan. If a price does not meet this criteria, or if pricing information is unavailable in at least three of the aforementioned countries, the price is still considered excessive if it is higher than reasonable in light of specified factors, including cost, revenue, and the size of the affected patient population. The bill also requires drug manufacturers to report specified financial information for brand-name drugs, including research and advertising expenditures.
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Timeline
Jan 10, 2019
Introduced in Senate
Jan 10, 2019
Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
Jan 25, 2019

Latest Companion Bill Action

HR 116-465
Referred to the Subcommittee on Health.
  • January 10, 2019
    Introduced in Senate


  • January 10, 2019
    Read twice and referred to the Committee on Health, Education, Labor, and Pensions.


  • January 25, 2019

    Latest Companion Bill Action

    HR 116-465
    Referred to the Subcommittee on Health.

Health

Related Bills

  • HR 116-465: Prescription Drug Price Relief Act of 2019
Administrative remediesAsiaBusiness recordsCanadaCivil actions and liabilityCompetition and antitrustDepartment of Health and Human ServicesDrug safety, medical device, and laboratory regulationEuropeFranceGermanyGovernment information and archivesGovernment studies and investigationsHealth care costs and insuranceHealth information and medical recordsInflation and pricesIntellectual propertyJapanLicensing and registrationsManufacturingMarketing and advertisingMedical researchPrescription drugsResearch and developmentUnited Kingdom

Prescription Drug Price Relief Act of 2019

USA116th CongressS-102| Senate 
| Updated: 1/10/2019
Prescription Drug Price Relief Act of 2019 This bill establishes a series of oversight and disclosure requirements relating to the prices of brand-name drugs. Specifically, the bill requires the Department of Health and Human Services (HHS) to review at least annually all brand-name drugs for excessive pricing; HHS must also review prices upon petition. If any such drugs are found to be excessively priced, HHS must (1) void any government-granted exclusivity; (2) issue open, nonexclusive licenses for the drugs; and (3) expedite the review of corresponding applications for generic drugs and biosimilar biological products. HHS must also create a public database with its determinations for each drug. Under the bill, a price is considered excessive if the domestic average manufacturing price exceeds the median price for the drug in Canada, the United Kingdom, Germany, France, and Japan. If a price does not meet this criteria, or if pricing information is unavailable in at least three of the aforementioned countries, the price is still considered excessive if it is higher than reasonable in light of specified factors, including cost, revenue, and the size of the affected patient population. The bill also requires drug manufacturers to report specified financial information for brand-name drugs, including research and advertising expenditures.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Jan 10, 2019
Introduced in Senate
Jan 10, 2019
Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
Jan 25, 2019

Latest Companion Bill Action

HR 116-465
Referred to the Subcommittee on Health.
  • January 10, 2019
    Introduced in Senate


  • January 10, 2019
    Read twice and referred to the Committee on Health, Education, Labor, and Pensions.


  • January 25, 2019

    Latest Companion Bill Action

    HR 116-465
    Referred to the Subcommittee on Health.
Bernard Sanders

Bernard Sanders

Independent Senator

Vermont

Cosponsors (6)
Kirsten E. Gillibrand (Democratic)Elizabeth Warren (Democratic)Kamala D. Harris (Democratic)Amy Klobuchar (Democratic)Cory A. Booker (Democratic)Richard Blumenthal (Democratic)

Health, Education, Labor, and Pensions Committee

Health

Related Bills

  • HR 116-465: Prescription Drug Price Relief Act of 2019
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Administrative remediesAsiaBusiness recordsCanadaCivil actions and liabilityCompetition and antitrustDepartment of Health and Human ServicesDrug safety, medical device, and laboratory regulationEuropeFranceGermanyGovernment information and archivesGovernment studies and investigationsHealth care costs and insuranceHealth information and medical recordsInflation and pricesIntellectual propertyJapanLicensing and registrationsManufacturingMarketing and advertisingMedical researchPrescription drugsResearch and developmentUnited Kingdom