H.R. 1775
Referred to CommitteePrescription Reduction in Costs for Everyone (PRICE) Act of 2017
Latest Action
Referred to the Subcommittee on Health.
4/5/2017 • House
Summary
Prescription Reduction in Costs for Everyone (PRICE) Act of 2017
This bill amends title XVIII (Medicare) of the Social Security Act to require the President, with respect to offering one or more Medicare-operated prescription drug plan options, to: (1) negotiate prices with drug manufacturers, and (2) establish and apply a formulary and formulary incentives. In general, a Medicare-operated drug plan must meet the same requirements as apply to other prescription drug plans.
The President must report to Congress biannually on negotiations conducted by the President to achieve lower prices for Medicare beneficiaries.
Introduced in House • 3/29/2017
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Bill Journey
Originated in the House
Introduced
March 29, 2017
Referred to the Committee on Energy and Commerce, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
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Enacted into Law