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 offer one or more Medicare operated prescription drug plans nationally that provide qualified prescription drug coverage and access to negotiated prices. Allows the plan to offer supplemental prescription drug coverage in the same manner as other qualified prescription drug coverage by other prescription drug plans. Requires the Secretary to negotiate 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, with a formula for determining premium adjustments in subsequent years.

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Timeline

1. 21 April 2005

   Introduced

   Introduced in the Senate. Read the first time. Placed on Senate Legislative Calendar under Read the First Time. (text of measure as introduced: CR S4114)

   Source: Calendars

2. 21 April 2005

   Introduced

   Introduced in Senate

   Source: IntroReferral

3. 22 April 2005

   Calendars

   Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 90.

   Source: Calendars

4. 27 September 2005

   Introduced

   Sponsor introductory remarks on measure. (CR S10525-1052 6)

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Placed on Calendar Senate · 22 April 2005 · Official file

Documents

3 official files

• Placed on Calendar Senate (text)

  Placed on Calendar Senate · EN · 22 April 2005

  ViewDownloadOpen at official source

• Placed on Calendar Senate (PDF)

  Placed on Calendar Senate · EN · 22 April 2005

  ViewDownloadOpen at official source

• Introduced in Senate

  summary · EN · 21 April 2005

  Open at official source

Sponsors

• Richard Durbin · D · Sponsor

Related records

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