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Pharmacy DIR Reform To Reduce Senior Drug Costs Act

USA117th CongressS-1909| Senate 
| Updated: 5/27/2021
Jon Tester

Jon Tester

Democratic Senator

Montana

Cosponsors (14)
Joni Ernst (Republican)Roger Marshall (Republican)Cindy Hyde-Smith (Republican)Angus S. King (Independent)James M. Inhofe (Republican)Roger F. Wicker (Republican)John Boozman (Republican)Joe Manchin (Independent)John Thune (Republican)Kevin Cramer (Republican)James Lankford (Republican)Sherrod Brown (Democratic)Susan M. Collins (Republican)Shelley Moore Capito (Republican)

Finance Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Pharmacy DIR Reform To Reduce Senior Drug Costs Act This bill establishes certain requirements for prescription drug plans and the prices of covered drugs under the Medicare prescription drug benefit. Specifically, the bill requires price concessions, payments, and fees that are negotiated with a pharmacy to be included in a drug's negotiated price, excluding incentive payments, and for this price to be provided at the point of sale. Additionally, prescription drug plans must report price concessions or incentive payments that are made after payment for covered drugs at the point of sale, including by contracted intermediaries, to the pharmacy at least annually. The Centers for Medicare & Medicaid Services must establish standardized pharmacy performance measures with respect to incentive payments and price concessions; such measures must account for all pharmacy types, including specialty pharmacies, and focus on patient health outcomes and other targeted areas.
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Timeline
May 26, 2021

Latest Companion Bill Action

HR 117-3554
Referred to the Subcommittee on Health.
May 27, 2021
Introduced in Senate
May 27, 2021
Read twice and referred to the Committee on Finance.
  • May 26, 2021

    Latest Companion Bill Action

    HR 117-3554
    Referred to the Subcommittee on Health.


  • May 27, 2021
    Introduced in Senate


  • May 27, 2021
    Read twice and referred to the Committee on Finance.

Health

Related Bills

  • HR 117-3554: Pharmacy DIR Reform To Reduce Senior Drug Costs Act
Health care costs and insuranceHealth care qualityInflation and pricesMedicarePerformance measurementPrescription drugs

Pharmacy DIR Reform To Reduce Senior Drug Costs Act

USA117th CongressS-1909| Senate 
| Updated: 5/27/2021
Pharmacy DIR Reform To Reduce Senior Drug Costs Act This bill establishes certain requirements for prescription drug plans and the prices of covered drugs under the Medicare prescription drug benefit. Specifically, the bill requires price concessions, payments, and fees that are negotiated with a pharmacy to be included in a drug's negotiated price, excluding incentive payments, and for this price to be provided at the point of sale. Additionally, prescription drug plans must report price concessions or incentive payments that are made after payment for covered drugs at the point of sale, including by contracted intermediaries, to the pharmacy at least annually. The Centers for Medicare & Medicaid Services must establish standardized pharmacy performance measures with respect to incentive payments and price concessions; such measures must account for all pharmacy types, including specialty pharmacies, and focus on patient health outcomes and other targeted areas.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
May 26, 2021

Latest Companion Bill Action

HR 117-3554
Referred to the Subcommittee on Health.
May 27, 2021
Introduced in Senate
May 27, 2021
Read twice and referred to the Committee on Finance.
  • May 26, 2021

    Latest Companion Bill Action

    HR 117-3554
    Referred to the Subcommittee on Health.


  • May 27, 2021
    Introduced in Senate


  • May 27, 2021
    Read twice and referred to the Committee on Finance.
Jon Tester

Jon Tester

Democratic Senator

Montana

Cosponsors (14)
Joni Ernst (Republican)Roger Marshall (Republican)Cindy Hyde-Smith (Republican)Angus S. King (Independent)James M. Inhofe (Republican)Roger F. Wicker (Republican)John Boozman (Republican)Joe Manchin (Independent)John Thune (Republican)Kevin Cramer (Republican)James Lankford (Republican)Sherrod Brown (Democratic)Susan M. Collins (Republican)Shelley Moore Capito (Republican)

Finance Committee

Health

Related Bills

  • HR 117-3554: Pharmacy DIR Reform To Reduce Senior Drug Costs Act
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Health care costs and insuranceHealth care qualityInflation and pricesMedicarePerformance measurementPrescription drugs