Encouraging Innovative Benefit Design to Lower Costs for Seniors Act

Summary

Encouraging Innovative Benefit Design to Lower Costs for Seniors Act This bill allows prescription drug plan (PDP) sponsors under the Medicare prescription drug benefit to offer additional plans in a region. Specifically, the Centers for Medicare & Medicaid Services (CMS) must update guidance to allow PDP sponsors to offer up to four plans in a region; the CMS may also set a greater limit, as appropriate. PDP sponsors may offer up to two additional plans beyond this limit if the PDP sponsor ensures that, under at least one of the plans, pharmacy benefit managers do not receive any remuneration unless at least 10% of price reductions received from drug manufacturers are reflected at the point-of-sale or otherwise used to reduce beneficiary cost-sharing.

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Timeline

1. 10 December 2019

   Introduced

   Read twice and referred to the Committee on Finance.

   Source: IntroReferral

2. 10 December 2019

   Introduced

   Introduced in Senate

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in Senate · 10 December 2019 · Download file

Documents

3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 10 December 2019

  ViewDownloadOpen at official source

• Introduced in Senate (PDF)

  Introduced in Senate · EN · 10 December 2019

  ViewDownloadOpen at official source

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• Introduced in Senate

  summary · EN · 10 December 2019

  Open at official source

  Leesvertaling

  Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

  Vertaal naarNL · DutchDE · GermanFR · FrenchES · SpanishIT · ItalianPL · PolishPT · PortugueseSV · SwedishDA · DanishFI · FinnishEL · GreekCS · CzechHU · HungarianRO · RomanianBG · BulgarianHR · CroatianSK · SlovakSL · SlovenianLT · LithuanianLV · LatvianET · EstonianGA · IrishMT · Maltese

  Vertaal document

  Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Sponsors

• Sen. Toomey, Patrick [R-PA] · R · Sponsor
• Sen. Crapo, Mike [R-ID] · R · Sponsor
• Sen. Kennedy, John [R-LA] · R · Cosponsor
• · ssfi00 · Standing

Related records

• related to → Lower Costs, More Cures Act of 2019
• related to ← Lower Costs, More Cures Act of 2019