Empowering Medicare Seniors to Negotiate Drug Prices Act of 2021

1/11/2023, 1:47 PM

Empowering Medicare Seniors to Negotiate Drug Prices Act of 2021

This bill allows the Centers for Medicare & Medicaid Services to negotiate drug prices under the Medicare prescription drug benefit and to institute a price structure for the reimbursement of drugs covered under the benefit.

Congress
117

Number
S - 833

Introduced on
2021-03-18

# Amendments
0

Sponsors
+5

Cosponsors
+5

Variations and Revisions

3/18/2021

Status of Legislation

Bill Introduced
Introduced to House
House to Vote
Introduced to Senate
Senate to Vote

Purpose and Summary

Empowering Medicare Seniors to Negotiate Drug Prices Act of 2021

This bill allows the Centers for Medicare & Medicaid Services to negotiate drug prices under the Medicare prescription drug benefit and to institute a price structure for the reimbursement of drugs covered under the benefit.

Alternative Names
Official Title as IntroducedA bill to amend XVIII of the Social Security Act to allow the Secretary of Health and Human Services to negotiate fair prescription drug prices under part D of the Medicare program.

Policy Areas
Health

Potential Impact
Health care costs and insurance
Inflation and prices
Medicare
Prescription drugs
Public contracts and procurement

Comments

Recent Activity

Latest Summary4/30/2021

Empowering Medicare Seniors to Negotiate Drug Prices Act of 2021

This bill allows the Centers for Medicare & Medicaid Services to negotiate drug prices under the Medicare prescription drug benefit and to institu...


Latest Action3/18/2021
Read twice and referred to the Committee on Finance.