S 1186 ยท Lower Drug Costs for Families Act
Read twice and referred to the Committee on Finance.
- Introduced
- Mar 27, 2025
- Latest action
- Mar 27, 2025
- Sponsor
- Sen. Catherine Cortez Masto [D-NV]
- Policy area
- Health
- Cosponsors
- 12
Summary
Lower Drug Costs for Families Act This bill applies certain Medicare prescription drug rebate requirements to prescription drugs that are available under private health insurance. Current law requires drug manufacturers to issue rebates to the Centers for Medicare & Medicaid Services for brand-name drugs without generic equivalents under Medicare that (1) cost $100 or more per year per individual, and (2) for which prices increase faster than inflation. Manufacturers that fail to comply are subject to civil penalties. The bill applies these requirements to prescription drugs that are available in the commercial market under private health insurance. It also indexes rebate calculations to drug prices in 2016 (as opposed to 2021).
Recent actions
- Mar 27, 2025 Read twice and referred to the Committee on Finance.
- Mar 27, 2025 Introduced in Senate
Votes
No recorded votes are available for this bill.