Pharmacy DIR Reform To Reduce Senior Drug Costs Act

Summary

Pharmacy DIR Reform To Reduce Senior Drug Costs Act This bill establishes certain requirements for prescription drug plans and the prices of covered drugs under the Medicare prescription drug benefit. Specifically, the bill requires price concessions, payments, and fees that are negotiated with a pharmacy to be included in a drug's negotiated price, excluding incentive payments, and for this price to be provided at the point of sale. Additionally, prescription drug plans must report price concessions or incentive payments that are made after payment for covered drugs at the point of sale, including by contracted intermediaries, to the pharmacy at least annually. The Centers for Medicare & Medicaid Services must establish standardized pharmacy performance measures with respect to incentive payments and price concessions; such measures must account for all pharmacy types, including specialty pharmacies, and focus on patient health outcomes and other targeted areas.

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Timeline

1. 27 May 2021

   Introduced

   Read twice and referred to the Committee on Finance.

   Source: IntroReferral

2. 27 May 2021

   Introduced

   Introduced in Senate

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in Senate · 27 May 2021 · Official file

Documents

3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 27 May 2021

  ViewDownloadOpen at official source

• Introduced in Senate (PDF)

  Introduced in Senate · EN · 27 May 2021

  ViewDownloadOpen at official source

• Introduced in Senate

  summary · EN · 27 May 2021

  Open at official source

Sponsors

• Sen. Tester, Jon [D-MT] · D · Sponsor
• Shelley Capito · R · Sponsor
• Sen. Brown, Sherrod [D-OH] · D · Sponsor
• James Lankford · R · Sponsor
• Roger Marshall · R · Cosponsor
• Cindy Hyde-Smith · R · Cosponsor
• John Boozman · R · Cosponsor
• Susan Collins · R · Cosponsor
• John Thune · R · Cosponsor
• Kevin Cramer · R · Cosponsor
• Roger Wicker · R · Cosponsor
• Sen. Manchin, Joe, III [I-WV] · D · Cosponsor
• Rep. Inhofe, James M. [R-OK-1] · R · Cosponsor
• Angus King · I · Cosponsor
• Joni Ernst · R · Cosponsor
• · ssfi00 · Standing

Related records

• related to → Pharmacy DIR Reform To Reduce Senior Drug Costs Act