United States · Bill · HR
H.R. 1775 (115th)
Prescription Reduction in Costs for Everyone (PRICE) Act of 2017
Introduced
29 March 2017
Last action
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Status
Referred to the Subcommittee on Health.
Sponsors
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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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Documents
3 official files
Introduced in House (text)
Introduced in House (text)
Introduced in House · EN · 29 March 2017
Introduced in House (PDF)
Introduced in House · EN · 29 March 2017
Introduced in House
summary · EN · 29 March 2017
Sponsors
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Sources
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- Official source: https://www.congress.gov/bill/115th-congress/house-bill/1775
- Open data entity: https://api.congress.gov/v3/bill/115/hr/1775