A bill to amend part B of title XVIII of the Social Security Act to exclude customary prompt pay discounts from manufacturers to wholesalers from the average sales price for drugs and biologicals under Medicare, and for other purposes.

Bill: 114-s-506
Sponsor: full_name: Sen. Roberts, Pat [R-KS]
Introduced: 2015-02-12
Policy area: Health
Subjects: Medicare

Prescription drugs
Latest action: action_date: 2015-02-12
text: Read twice and referred to the Committee on Finance.

Summaries:
action_date: 2015-02-12
action_desc: Introduced in Senate
text: <p>Amends part B (Supplementary Medical Insurance) of title XVIII (Medicare) of the Social Security Act to exclude from the average sales price in calculating Medicare payments for drugs and biologicals any customary prompt pay discounts from manufacturers to wholesalers.</p>

tv_txt: II 114th CONGRESS 1st Session S. 506 IN THE SENATE OF THE UNITED STATES February 12, 2015 Mr. Roberts (for himself, Ms. Stabenow , Mr. Casey , Mr. Brown , Mr. Cassidy , and Mr. Gardner ) introduced the following bill; which was read twice and referred to the Committee on Finance A BILL To amend part B of title XVIII of the Social Security Act to exclude customary prompt pay discounts from manufacturers to wholesalers from the average sales price for drugs and biologicals under Medicare, and for other purposes.

1. Excluding customary prompt pay discounts from manufacturers to wholesalers from the average sales price for Medicare payments for drugs and biologicals (a) In general Section 1847A(c)(3) of the Social Security Act (42 U.S.C. 1395w–3a(c)(3)) is amended— (1) in the first sentence, by inserting (other than customary prompt pay discounts extended to wholesalers) after prompt pay discounts ; and (2) in the second sentence, by inserting (other than customary prompt pay discounts extended to wholesalers) after other price concessions . (b) Effective date The amendments made by this section shall apply to the calculation of the average sales price for calendar quarters beginning more than 90 days after the date of the enactment of this Act.