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Stop Drug Companies from Overcharging Seniors in Medicare Part B Act of 2019

USA116th CongressS-2081| Senate 
| Updated: 7/10/2019
Gary C. Peters

Gary C. Peters

Democratic Senator

Michigan

Cosponsors (1)
Debbie Stabenow (Democratic)

Finance Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Stop Drug Companies from Overcharging Seniors in Medicare Part B Act of 2019 This bill requires manufacturers of covered drugs under Medicare medical services to issue rebates to the Centers for Medicare & Medicaid Services. Rebates are calculated based on the number of units sold and the amount by which the manufacturer price exceeds inflation. The bill's requirements do not apply to drugs that cost less than $100 annually per user in 2020 (and as adjusted for inflation annually thereafter) or to drugs on a specified drug shortage list. The bill also eliminates cost-sharing for such drugs for beneficiaries whose out-of-pocket costs meet or exceed a specified threshold.
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Timeline
Jul 10, 2019
Introduced in Senate
Jul 10, 2019
Read twice and referred to the Committee on Finance.
  • July 10, 2019
    Introduced in Senate


  • July 10, 2019
    Read twice and referred to the Committee on Finance.

Health

Government information and archivesGovernment trust fundsHealth care costs and insuranceHome and outpatient careInflation and pricesManufacturingMedicarePrescription drugs

Stop Drug Companies from Overcharging Seniors in Medicare Part B Act of 2019

USA116th CongressS-2081| Senate 
| Updated: 7/10/2019
Stop Drug Companies from Overcharging Seniors in Medicare Part B Act of 2019 This bill requires manufacturers of covered drugs under Medicare medical services to issue rebates to the Centers for Medicare & Medicaid Services. Rebates are calculated based on the number of units sold and the amount by which the manufacturer price exceeds inflation. The bill's requirements do not apply to drugs that cost less than $100 annually per user in 2020 (and as adjusted for inflation annually thereafter) or to drugs on a specified drug shortage list. The bill also eliminates cost-sharing for such drugs for beneficiaries whose out-of-pocket costs meet or exceed a specified threshold.
View Full Text

Suggested Questions

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

Timeline
Jul 10, 2019
Introduced in Senate
Jul 10, 2019
Read twice and referred to the Committee on Finance.
  • July 10, 2019
    Introduced in Senate


  • July 10, 2019
    Read twice and referred to the Committee on Finance.
Gary C. Peters

Gary C. Peters

Democratic Senator

Michigan

Cosponsors (1)
Debbie Stabenow (Democratic)

Finance Committee

Health

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Government information and archivesGovernment trust fundsHealth care costs and insuranceHome and outpatient careInflation and pricesManufacturingMedicarePrescription drugs