Prescription Drug Rebate Reform Act of 2019

Summary

Prescription Drug Rebate Reform Act of 2019 This bill requires private health insurance plans to set any coinsurance rate for a covered prescription drug based on the net price of the drug (the price after accounting for rebates and discounts provided by the drug manufacturer) and not the list price (the initial wholesale price set by the drug manufacturer). This requirement applies when a plan holder has an unmet deductible or other coinsurance obligation for prescription drug benefits under the plan. The bill does not prohibit a plan from requiring a copayment provided that such copayment is not based on the cost of the drug.

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Timeline

1. 9 May 2019

   Introduced

   Read twice and referred to the Committee on Health, Education, Labor, and Pensions.

   Source: IntroReferral

2. 9 May 2019

   Introduced

   Introduced in Senate

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in Senate · 9 May 2019 · Official file

Documents

3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 9 May 2019

  ViewDownloadOpen at official source

• Introduced in Senate (PDF)

  Introduced in Senate · EN · 9 May 2019

  ViewDownloadOpen at official source

• Introduced in Senate

  summary · EN · 9 May 2019

  Open at official source

Sponsors

• Sen. Romney, Mitt [R-UT] · R · Sponsor
• Sen. Braun, Mike [R-IN] · R · Sponsor
• Marsha Blackburn · R · Cosponsor
• · sshr00 · Standing

Related records

• related to ← Prescription Drug Rebate Reform Act of 2019