HR 4881 · 118th Congress · Health
To amend title XVIII of the Social Security Act to limit cost sharing for drugs under the Medicare program.
Bill Progress
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Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Referred to the Subcommittee on Health.(2024-12-17)
Plain Language Summary
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This bill limits cost-sharing for covered drugs under the Medicare prescription drug benefit and Medicare Advantage. Specifically, for costs above the deductible but below the annual out-of-pocket threshold, the bill limits cost-sharing to the average net price of the drug (i.e., the average amount paid less any rebates) or the cash price (i.e., the price charged to an individual without insurance), whichever is lower. The Government Accountability Office must report on the bill's implementation.…
Summarized by Claude AI · Non-partisan · For informational purposes only
CBO Cost Estimate
Congressional Budget OfficeH.R. 4881, a bill to amend title XVIII of the Social Security Act to limit cost sharing for drugs under the Medicare program
Mar 13, 2024As ordered reported by the House Committee on Energy and Commerce on December 6, 2023
Full CBO report ↗Official non-partisan budget analysis by the Congressional Budget Office