Lower Costs, More Cures Act of 2021

Summary

Lower Costs, More Cures Act of 2021 This bill establishes and modifies several programs and requirements to address prescription drug prices, particularly in relation to Medicare and Medicaid. Among other changes, the bill requires the Centers for Medicare & Medicaid Services to publish certain information, as reported by pharmacy benefit managers (PBMs), relating to generic dispensing rates, drug discounts and rebates, and payments between PBMs, health plans, and pharmacies; caps annual out-of-pocket spending under the Medicare prescription drug benefit; allows prescription drug plan sponsors under the Medicare prescription drug benefit to offer additional plans in a region; establishes requirements under the Medicaid Drug Rebate Program for certain gene therapies for which prices are indexed to achieved outcomes; and establishes the position of Chief Pharmaceutical Negotiator in the Office of the U.S. Trade Representative.

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Timeline

1. 22 June 2021

   Introduced

   Read twice and referred to the Committee on Finance.

   Source: IntroReferral

2. 22 June 2021

   Introduced

   Introduced in Senate

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in Senate · 22 June 2021 · Official file

Documents

3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 22 June 2021

  ViewDownloadOpen at official source

• Introduced in Senate (PDF)

  Introduced in Senate · EN · 22 June 2021

  ViewDownloadOpen at official source

• Introduced in Senate

  summary · EN · 22 June 2021

  Open at official source

Sponsors

• Mike Crapo · R · Sponsor
• Sen. Burr, Richard [R-NC] · R · Sponsor
• Tim Scott · R · Sponsor
• Steve Daines · R · Sponsor
• James Risch · R · Sponsor
• Joni Ernst · R · Sponsor
• Roger Marshall · R · Sponsor
• Thomas Tillis · R · Sponsor
• John Hoeven · R · Cosponsor
• · ssfi00 · Standing

Related records

• related to → REFUND Act of 2021
• related to → Improving Transparency to Lower Drug Costs Act of 2021
• related to ← Capping Drug Costs for Seniors Act of 2021
• related to ← Seniors Saving on Insulin Act