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United States · Bill · HR

H.R. 1775 (115th)

Prescription Reduction in Costs for Everyone (PRICE) Act of 2017

referredUnited States· United States Congress· EN

Introduced

29 March 2017

Last action

Status

Referred to the Subcommittee on Health.

Sponsors

Subjects

Discovery layer

Source updated

11 August 2025

Summary

Prescription Reduction in Costs for Everyone (PRICE) Act of 2017 This bill amends title XVIII (Medicare) of the Social Security Act to require the President, with respect to offering one or more Medicare-operated prescription drug plan options, to: (1) negotiate prices with drug manufacturers, and (2) establish and apply a formulary and formulary incentives. In general, a Medicare-operated drug plan must meet the same requirements as apply to other prescription drug plans. The President must report to Congress biannually on negotiations conducted by the President to achieve lower prices for Medicare beneficiaries.

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3 official files

Introduced in House (text)

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