H.R. 1775 · 115th Congress
Prescription Reduction in Costs for Everyone (PRICE) Act of 2017
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Never voted on. It didn't reach a floor vote before the 115th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
D
DeFazioSponsor2 cosponsors · 2 D
1 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
Prescription Reduction in Costs for Everyone (PRICE) Act of 2017
What it does: CRS summary · Introduced in House · Mar 29, 2017
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.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Prescription Reduction in Costs for Everyone (PRICE) Act of 2017
Latest action (Apr 5, 2017): Referred to the Subcommittee on Health.
Policy area: Health · Origin: House · Introduced: Mar 29, 2017
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.