To amend title XVIII of the Social Security Act to provide for enforcement of standards for reasonable and relevant contract terms and conditions and essential retail pharmacy protections under the Medicare program.

Bill 118 hr 7716 aims to make changes to title XVIII of the Social Security Act in order to enforce standards for reasonable and relevant contract terms and conditions, as well as essential retail pharmacy protections under the Medicare program. The bill seeks to ensure that pharmacies participating in the Medicare program are held to certain standards when it comes to their contracts and conditions, as well as protecting them from unfair practices.

The main goal of this bill is to improve transparency and fairness in the relationship between pharmacies and Medicare, ensuring that pharmacies are not subject to unreasonable or irrelevant contract terms that could harm their ability to provide quality care to Medicare beneficiaries. Additionally, the bill aims to protect retail pharmacies from unfair practices that could put them at a disadvantage compared to other providers.

Overall, Bill 118 hr 7716 seeks to strengthen the Medicare program by ensuring that pharmacies are able to operate in a fair and transparent environment, ultimately benefiting both pharmacies and Medicare beneficiaries.