Lower Out-of-Pocket Costs for Seniors Act

Bill: 115-hr-6563
Sponsor: full_name: Rep. Pallone, Frank, Jr. [D-NJ-6]
Introduced: 2018-07-26
Policy area: Health
Subjects: Health care costs and insurance

Medicare

Prescription drugs
Latest action: action_date: 2018-08-09
text: Referred to the Subcommittee on Health.

Summaries:
action_date: 2018-07-26
action_desc: Introduced in House
text: <p><b>Lower Out-of-Pocket Costs for Seniors Act</b></p> <p>This bill makes permanent certain limitations on the growth rate of the annual out-of-pocket spending threshold under the Medicare prescription drug benefit. </p>

tv_txt: I 115th CONGRESS 2d Session H. R. 6563 IN THE HOUSE OF REPRESENTATIVES July 26, 2018 Mr. Pallone (for himself and Mr. Neal ) introduced the following bill; which was 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 A BILL To amend title XVIII of the Social Security Act to prevent growth rate cliff for out-of-pocket threshold under Medicare part D.

1. Short title This Act may be cited as the Lower Out-of-Pocket Costs for Seniors Act . 2. Preventing growth rate cliff for out-of-pocket cost threshold under Medicare part D Section 1860D–2(b)(4)(B)(i) of the Social Security Act ( 42 U.S.C. 1395w–102(b)(4)(B)(i) ) is amended— (1) in subclause (III), by adding at the end or ; (2) in subclause (IV)— (A) by striking each of years 2016 through 2019 and inserting 2016 and each subsequent year ; and (B) by striking the semicolon at the end and inserting a period; and (3) by striking subclauses (V) and (VI).