Medicare Drug Price Negotiation Act
Latest action · Mar 24, 2021 Referred to the Subcommittee on Health.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedMar 23, 2021
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Medicare Drug Price Negotiation Act
This bill makes a series of changes relating to the prices of prescription drugs under the Medicare prescription drug benefit and Medicare Advantage (MA) prescription drug plans (PDPs).
Under current law, the Centers for Medicare & Medicaid Services (CMS) may neither negotiate the prices of covered drugs nor establish a formulary. The bill repeals these restrictions and instead specifically requires the CMS to (1) negotiate the prices of covered drugs; and (2) either establish a formulary for covered drugs, or require changes to PDP formularies that take into account CMS negotiations.
If the CMS is unable to negotiate an appropriate price for a drug in accordance with certain criteria, the price must be the lowest of three specified options (e.g., the median price in other countries). The CMS must identify drugs that are subject to negotiation, with priority given to certain categories of drugs based on usage and cost.
Additionally, drug manufacturers must issue rebates to the CMS for drugs dispensed to eligible low-income individuals. Subject to civil monetary penalties, a Medicare or MA PDP sponsor must report, both to drug manufacturers and to the CMS, specified information related to the determination and payment of such rebates.
Cosponsors 24
Members who signed on, in the order they did. Signatures ran from Mar 23, 2021 to Aug 24, 2021, with 13 there on the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| D-MO | Cori Bush | Original | Mar 23, 2021 |
| D-FL | Debbie Wasserman Schultz | Original | Mar 23, 2021 |
| D-MN | Ilhan Omar | Original | Mar 23, 2021 |
| D-IL | Janice D. Schakowsky | Original | Mar 23, 2021 |
| D-CO | Joe Neguse | Original | Mar 23, 2021 |
| D-WI | Mark Pocan | Original | Mar 23, 2021 |
| D-OR | Peter A. DeFazio | Original | Mar 23, 2021 |
| D-VT | Peter Welch | Original | Mar 23, 2021 |
| D-WA | Pramila Jayapal | Original | Mar 23, 2021 |
| D-MI | Rashida Tlaib | Original | Mar 23, 2021 |
| D-CA | Ro Khanna | Original | Mar 23, 2021 |
| D-CT | Rosa L. DeLauro | Original | Mar 23, 2021 |
| D-TN | Steve Cohen | Original | Mar 23, 2021 |
| D-NJ | Andy Kim | Apr 14, 2021 | |
| D-CA | Mark DeSaulnier | Apr 14, 2021 |
Actions 4
Everything that happened, newest first.
- Mar 24, 2021Referred to the Subcommittee on Health.
- Mar 23, 2021Introduced in House
- Mar 23, 2021Referred to the Committee on Energy and Commerce, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
- Mar 23, 2021Referred to the Subcommittee on Health.
Related bills 1
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| S 908 | Medicare Drug Price Negotiation Act | Identical bill | Mar 23, 2021 |
Subjects
Assigned by the Library of Congress. Policy area: Health.
Text 1
Each version as it was printed, newest first.
- Mar 23, 2021Introduced in House
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov.
