Legis Daily

Patient Shared Savings Act

USA116th CongressS-3000| Senate 
| Updated: 12/9/2019
Bill Cassidy

Bill Cassidy

Republican Senator

Louisiana

Cosponsors (1)
Margaret Wood Hassan (Democratic)

Finance Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Patient Shared Savings Act This bill allows a prescription drug plan (PDP) sponsor under the Medicare prescription drug benefit to share realized savings from an enrollee's switch to a lower-cost therapeutic alternative with the enrollee, in accordance with specified requirements. Among other requirements, the enrollee must have been taking the original prescription drug for at least two months and must have consulted with a physician before making the switch. PDP sponsors must share the savings in a tangible form that directly benefits the enrollee (e.g., a monetary rebate).
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Timeline
Dec 9, 2019
Introduced in Senate
Dec 9, 2019
Read twice and referred to the Committee on Finance.
  • December 9, 2019
    Introduced in Senate


  • December 9, 2019
    Read twice and referred to the Committee on Finance.

Health

Drug therapyHealth care costs and insuranceMedicarePrescription drugs

Patient Shared Savings Act

USA116th CongressS-3000| Senate 
| Updated: 12/9/2019
Patient Shared Savings Act This bill allows a prescription drug plan (PDP) sponsor under the Medicare prescription drug benefit to share realized savings from an enrollee's switch to a lower-cost therapeutic alternative with the enrollee, in accordance with specified requirements. Among other requirements, the enrollee must have been taking the original prescription drug for at least two months and must have consulted with a physician before making the switch. PDP sponsors must share the savings in a tangible form that directly benefits the enrollee (e.g., a monetary rebate).
View Full Text

Suggested Questions

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

Timeline
Dec 9, 2019
Introduced in Senate
Dec 9, 2019
Read twice and referred to the Committee on Finance.
  • December 9, 2019
    Introduced in Senate


  • December 9, 2019
    Read twice and referred to the Committee on Finance.
Bill Cassidy

Bill Cassidy

Republican Senator

Louisiana

Cosponsors (1)
Margaret Wood Hassan (Democratic)

Finance Committee

Health

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Drug therapyHealth care costs and insuranceMedicarePrescription drugs