Seniors Prescription Drug Relief Act

Senate Bill 2327 - Seniors Prescription Drug Relief Act: Overview, Status, and Impact

Hozzl · 2023-01-01T23:43:53Z

Explore the details of Senate Bill 2327 Seniors Prescription Drug Relief Act currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Health. Stay informed on legislative developments.

1/1/2023, 11:43 PM

Congressional Summary of S 2327

Seniors Prescription Drug Relief Act

This bill establishes and alters several programs and requirements relating to the prices of prescription drugs under Medicare.

For example, the bill caps annual out-of-pocket spending under the Medicare prescription drug benefit. It also establishes (1) a program under which drug manufacturers must, subject to civil penalties, provide discounts for covered drugs for beneficiaries who have incurred costs above the annual deductible; and (2) a process through which certain beneficiaries may have their monthly out-of-pocket costs capped and paid in monthly installments.

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Current Status of Bill S 2327

Bill S 2327 is currently in the status of Bill Introduced since July 13, 2021. Bill S 2327 was introduced during Congress 117 and was introduced to the Senate on July 13, 2021. Bill S 2327's most recent activity was Read twice and referred to the Committee on Finance. as of July 13, 2021

Bipartisan Support of Bill S 2327

Total Number of Sponsors

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

Democrat Cosponsors

Republican Cosponsors

Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill S 2327

Primary Policy Focus

Health

Potential Impact Areas

- Accounting and auditing

- Administrative law and regulatory procedures

- Alternative dispute resolution, mediation, arbitration

- Civil actions and liability

- Department of Health and Human Services

- Health care costs and insurance

- Health care coverage and access

- Inflation and prices

- Manufacturing

- Medicare

- Prescription drugs

- Public contracts and procurement

Alternate Title(s) of Bill S 2327

A bill to amend title XVIII of the Social Security Act to provide for a Medicare part D modernization redesign and to establish a monthly out-of-pocket cost sharing maximum for enrollees who incur a significant portion of costs towards the annual out-of-pocket threshold under Medicare part D.

Seniors Prescription Drug Relief Act