H.R. 1244 · 119th Congress
Reducing Drug Prices for Seniors Act
In committee
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Bill details
Introduced: 2/12/2025
Current status: In committee
Introduced by: Donald G. Davis (D · NC-01)
Bill ID: 119hr1244
Latest official action: 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.
Bill overview
A neutral overview based on official congressional sources.
Introduced in House
Reducing Drug Prices for Seniors Act This bill requires the coinsurance amount for covered drugs under the Medicare prescription drug benefit to be based on the actual acquisition cost of the drug (i.e., the negotiated price under the prescription drug plan net of any manufacturer price concessions), rather than the wholesale acquisition cost of the drug, if the actual acquisition cost is lower.
Source: BILLSUM · Summary date: 2/12/2025
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