A bill to limit medicare and medicaid payments for certain drugs.

[AI summary unavailable — showing source text] Amends title XVIII (Medicare) and title XIX (Medicaid) of the Social Security Act to prohibit Medicare and Medicaid payments for any new drug or drug similar to a new drug: (1) which has been provisionally approved by the Secretary of Health and Human Services; (2) which may be dispensed only upon prescription; (3) for which the Secretary has issued a notice of a hearing on a proposed order to withdraw approval of such drug because the drug is not effective for all the uses prescribed in its labeling; and (4) for which the Secretary has found no compelling medical need. Continues such prohibition until the Secretary withdraws such proposed order.…