H.R.2685 - Medicare Prescription Drug Price Negotiation Act

To provide for prescription drugs at reduced prices to Medicare beneficiaries. view all titles (2)

All Bill Titles

  • Short: Medicare Prescription Drug Price Negotiation Act as introduced.
  • Official: To provide for prescription drugs at reduced prices to Medicare beneficiaries. as introduced.

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Introduced
 
House
Passes
 
Senate
Passes
 
President
Signs
 

 
05/26/05
 
 
 
 
 
 
 

Official Summary

Medicare Prescription Drug Price Negotiation Act - Requires each participating manufacturer of a covered outpatient drug to make such drugs available for purchase by any qualified Federal health care provider, by each pharmacy, and by each provider of services, physician, practitioner, and

Official Summary

Medicare Prescription Drug Price Negotiation Act - Requires each participating manufacturer of a covered outpatient drug to make such drugs available for purchase by any qualified Federal health care provider, by each pharmacy, and by each provider of services, physician, practitioner, and supplier under the Medicare program at a price that the Secretary of Health and Human Services, in conjunction with the Secretary of Defense and the Secretary of Veterans Affairs, negotiates with the manufacturer. Provides that the amount of such a drug made available for purchase is equal to the sum of the aggregate amounts of the drug dispensed by pharmacies to Medicare beneficiaries plus the aggregate amounts dispensed through qualified Federal health care providers. Requires the Secretary, in conducting negotiations with participating manufacturers, to take into account the goal of promoting the development of breakthrough drugs. Requires the United States to exclude from Government contracting and subcontracting, for a period of time, a manufacturer of drugs or biologicals that does not comply with this Act. Directs the Secretary to establish a mechanism (such as an ombudsman) for the resolution of disputes between Medicare beneficiaries and prescription drug resellers and drug manufacturers in order to protect such beneficiaries and to ensure that:
(1) prescription drug resellers are not artifically increasing prices charged to Medicare beneficiaries (above those negotiated under this Act) in places (such as rural areas) where there is less competition; and
(2) such resellers are not colluding on prices in areas with more potential significant competition.

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