Ensuring Access to Lower-Cost Medicines for Seniors Act

Hozzl · 2024-03-13T01:28:18Z

Explore the details of Senate Bill 2129 Ensuring Access to Lower-Cost Medicines for Seniors Act currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Health. Stay informed on legislative developments.

3/13/2024, 1:28 AM

Summary of Bill S 2129

Bill 118 s 2129, also known as the Ensuring Access to Lower-Cost Medicines for Seniors Act, aims to address the issue of high prescription drug costs for senior citizens in the United States. The bill was introduced in the Senate and is currently under consideration.

The main goal of the bill is to increase access to lower-cost prescription medications for seniors by allowing the importation of safe and affordable drugs from Canada. This would help to lower the financial burden on older Americans who often struggle to afford the medications they need to manage their health conditions.

The bill includes provisions to ensure that the imported drugs meet the same safety and quality standards as medications sold in the US. It also requires the Secretary of Health and Human Services to certify that the importation of drugs from Canada will result in cost savings for consumers. Additionally, the bill includes measures to increase transparency in drug pricing and to promote competition in the pharmaceutical industry. This includes requiring drug manufacturers to provide more information about the costs of producing their medications and to justify price increases. Overall, the Ensuring Access to Lower-Cost Medicines for Seniors Act aims to make prescription drugs more affordable for senior citizens in the US by allowing the importation of safe and affordable medications from Canada, increasing transparency in drug pricing, and promoting competition in the pharmaceutical industry.

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Current Status of Bill S 2129

Bill S 2129 is currently in the status of Bill Introduced since June 22, 2023. Bill S 2129 was introduced during Congress 118 and was introduced to the Senate on June 22, 2023. Bill S 2129's most recent activity was Read twice and referred to the Committee on Finance. as of June 22, 2023

Bipartisan Support of Bill S 2129

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 2129

Primary Policy Focus

Health

Alternate Title(s) of Bill S 2129

Ensuring Access to Lower-Cost Medicines for Seniors ActEnsuring Access to Lower-Cost Medicines for Seniors ActA bill to amend title XVIII of the Social Security Act to require PDP sponsors of a prescription drug plan and Medicare Advantage organizations offering an MA-PD plan under part D of the Medicare program that use a formulary to include certain drugs and biosimilar biological products on such formulary, and for other purposes.

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