Empowering Medicare Seniors to Negotiate Drug Prices Act of 2021

Bill: 117-s-833
Sponsor: full_name: Sen. Klobuchar, Amy [D-MN]
Introduced: 2021-03-18
Policy area: Health
Subjects: Health care costs and insurance

Inflation and prices

Medicare

Prescription drugs

Public contracts and procurement
Latest action: action_date: 2021-03-18
text: Read twice and referred to the Committee on Finance.

Summaries:
action_date: 2021-03-18
action_desc: Introduced in Senate
text: <p><strong>Empowering Medicare Seniors to Negotiate Drug Prices Act of </strong><b>2021</b></p> <p>This bill allows the Centers for Medicare &amp; Medicaid Services to negotiate drug prices under the Medicare prescription drug benefit and to institute a price structure for the reimbursement of drugs covered under the benefit.</p>

tv_txt: II 117th CONGRESS 1st Session S. 833 IN THE SENATE OF THE UNITED STATES March 18, 2021 Ms. Klobuchar (for herself, Ms. Baldwin , Mr. Blumenthal , Mr. Booker , Mr. Brown , Ms. Cantwell , Mr. Cardin , Mr. Coons , Ms. Cortez Masto , Ms. Duckworth , Mr. Durbin , Mrs. Gillibrand , Ms. Hassan , Mr. Heinrich , Ms. Hirono , Mr. Kaine , Mr. Kelly , Mr. King , Mr. Leahy , Mr. Manchin , Mr. Merkley , Mr. Murphy , Mrs. Murray , Mr. Peters , Mr. Reed , Mrs. Shaheen , Ms. Smith , Ms. Stabenow , Mr. Van Hollen , Mr. Warner , Ms. Warren , Mr. Whitehouse , and Mr. Wyden ) 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 2021 . 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.