Empowering Medicare Seniors to Negotiate Drug Prices Act of 2017

Bill: 115-s-1688
Sponsor: full_name: Sen. Klobuchar, Amy [D-MN]
Introduced: 2017-08-01
Policy area: Health
Subjects: Health care costs and insurance

Inflation and prices

Medicare

Prescription drugs

Public contracts and procurement
Latest action: action_date: 2017-08-01
text: Read twice and referred to the Committee on Finance.

Summaries:
action_date: 2017-08-01
action_desc: Introduced in Senate
text: <p><strong>Empowering Medicare Seniors to Negotiate Drug Prices Act of 2017</strong></p> <p>This bill amends title XVIII (Medicare) of the Social Security Act to allow the Centers for Medicare &amp; Medicaid Services to: (1)&nbsp;negotiate drug prices under the Medicare prescription drug benefit, and (2) institute a price structure for the reimbursement of drugs covered under the benefit.</p>

tv_txt: II 115th CONGRESS 1st Session S. 1688 IN THE SENATE OF THE UNITED STATES August 1, 2017 Ms. Klobuchar (for herself, Ms. Baldwin , Mr. Bennet , Mr. Blumenthal , Mr. Booker , Mr. Brown , Ms. Cantwell , Mr. Cardin , Ms. Duckworth , Mr. Franken , Ms. Harris , Ms. Hassan , Mr. Heinrich , Ms. Hirono , Mr. Kaine , Mr. King , Mr. Leahy , Mr. Manchin , Mrs. McCaskill , Mr. Merkley , Mr. Murphy , Mrs. Murray , Mr. Nelson , Mr. Schumer , Mrs. Shaheen , Ms. Stabenow , Mr. Udall , Mr. Van Hollen , Mr. Warner , Ms. Warren , Mr. Wyden , Mrs. Gillibrand , and Mr. Whitehouse ) introduced the following bill; which was read twice and referred to the Committee on Finance A BILL To amend title XVIII of the Social Security Act to allow the Secretary of Health and Human Services to negotiate fair prescription drug prices under part D of the Medicare program.

1. Short title This Act may be cited as the Empowering Medicare Seniors to Negotiate Drug Prices Act of 2017 . 2. Authority to negotiate fair prices for Medicare prescription drugs (a) In general Section 1860D–11 of the Social Security Act ( 42 U.S.C. 1395w–111 ) is amended by striking subsection (i). (b) Effective date The amendment made by this section shall take effect on the date of the enactment of this Act.