United States · Bill · S
S. 2858 (114th)
Prescription Drug and Health Improvement Act of 2016
Introduced
27 April 2016
Last action
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Status
Read twice and referred to the Committee on Finance.
Sponsors
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Subjects
Discovery layer
Source updated
12 August 2025
Summary
Prescription Drug and Health Improvement Act of 2016 This bill amends title XVIII (Medicare) of the Social Security Act to require the Centers for Medicare & Medicaid Services (CMS) to negotiate lower prices on behalf of Medicare and Medicare Advantage (MA) beneficiaries for covered prescription drugs that CMS deems appropriate for negotiation based on: (1) program and per-beneficiary spending, (2) unit cost increases over the preceding years, (3) initial launch price, and (4) any other criteria determined by CMS. CMS may negotiate lower prices on behalf of Medicare and MA beneficiaries for other covered prescription drugs, as well.
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Documents
3 official files
Introduced in Senate (text)
Introduced in Senate (text)
Introduced in Senate · EN · 27 April 2016
Introduced in Senate (PDF)
Introduced in Senate · EN · 27 April 2016
Introduced in Senate
summary · EN · 27 April 2016
Sponsors
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Sources
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- Official source: https://www.congress.gov/bill/114th-congress/senate-bill/2858
- Open data entity: https://api.congress.gov/v3/bill/114/s/2858