What is the official ID of this bill?
The official print number for this legislation is S 2327.
Senior Drug Relief: Lower Out-of-Pocket Costs and Manufacturer Discounts.
This act aims to reduce prescription drug costs for seniors under Medicare Part D by introducing new out-of-pocket spending limits and a manufacturer discount program. Citizens can expect lower monthly drug payments and greater cost predictability, making it easier to manage their household budgets.
Key points
Starting in 2024, the patient's co-insurance for prescription drugs will decrease from 25% to 20% after reaching the annual out-of-pocket threshold.
A manufacturer discount program will be established, providing lower drug prices at pharmacies for eligible seniors starting January 1, 2024.
A monthly out-of-pocket cost-sharing maximum will be implemented, allowing high drug costs to be paid in installments and avoiding large, one-time financial burdens.
Status:
Expired
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