Seniors Prescription Drug Relief Act
This bill establishes and alters several programs and requirements relating to the prices of prescription drugs under Medicare.
For example, the bill caps annual out-of-pocket spending under the Medicare prescription drug benefit. It also establishes (1) a program under which drug manufacturers must, subject to civil penalties, provide discounts for covered drugs for beneficiaries who have incurred costs above the annual deductible; and (2) a process through which certain beneficiaries may have their monthly out-of-pocket costs capped and paid in monthly installments.
| Action Date | Type | Text | Source |
|---|---|---|---|
| 2021-07-13 | IntroReferral | Read twice and referred to the Committee on Finance. | Senate |
| 2021-07-13 | IntroReferral | Introduced in Senate | Library of Congress |