Medicare Prescription Drug Savings and Choice Act of 2005

Summary

Medicare Prescription Drug Savings and Choice Act of 2005 - Amends part D (Voluntary Prescription Drug Benefit Program) of title XVIII (Medicare) of the Social Security Act to direct the Secretary of Health and Human Services to: (1) offer one or more Medicare operated prescription drug plans nationally that offer qualified prescription drug coverage and access to negotiated prices, while allowing the plan to offer supplemental prescription drug coverage in the same manner as other qualified prescription drug coverage offered by other prescription drug plans; and (2) enter into negotiations with pharmaceutical manufacturers to reduce the purchase cost of covered Medicare part D drugs for eligible part D individuals, and encourage the use of more affordable therapeutic equivalents. Requires the monthly beneficiary premium charged under such a plan to be uniform nationally. Makes the premium for months in 2006 $35. Bases the premium for months in succeeding years on the average monthly per capita actuarial cost of offering the Medicare operated prescription drug plan for the year involved, including administrative expenses. Allows for adjustment of such premium amount in case of supplemental prescription drug coverage.

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Timeline

1. 10 February 2005

   Introduced

   Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S1273)

   Source: IntroReferral

2. 10 February 2005

   Introduced

   Sponsor introductory remarks on measure. (CR S1272-1273)

   Source: IntroReferral

3. 10 February 2005

   Introduced

   Introduced in Senate

   Source: IntroReferral

4. 27 September 2005

   Introduced

   Sponsor introductory remarks on measure. (CR S10525-10526)

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in Senate · 10 February 2005 · Official file

Documents

3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 10 February 2005

  ViewDownloadOpen at official source

• Introduced in Senate (PDF)

  Introduced in Senate · EN · 10 February 2005

  ViewDownloadOpen at official source

• Introduced in Senate

  summary · EN · 10 February 2005

  Open at official source

Sponsors

• Richard Durbin · D · Sponsor
• Sen. Salazar, Ken [D-CO] · D · Cosponsor
• Sen. Kennedy, Edward M. [D-MA] · D · Cosponsor
• Sen. Levin, Carl [D-MI] · D · Cosponsor
• Rep. Johnson, Tim [D-SD-At Large] · D · Cosponsor
• Charles Schumer · D · Cosponsor
• · ssfi00 · Standing

Related records

• related to → Medicare Prescription Drug Savings and Choice Act of 2005
• related to ← Medicare Prescription Drug Savings and Choice Act of 2005