S 2770 ยท Share the Savings with Seniors Act
Read twice and referred to the Committee on Finance.
- Introduced
- Sep 11, 2025
- Latest action
- Sep 11, 2025
- Sponsor
- Sen. John Cornyn [R-TX]
- Policy area
- Health
- Cosponsors
- 3
Summary
Share the Savings with Seniors Act This bill limits cost-sharing for chronic care drugs under the Medicare prescription drug benefit. Chronic care drugs include blood glucose regulators other than insulin, anticoagulants, and other categories of drugs as specified in the bill. Specifically, for costs below the annual deductible, the bill caps cost-sharing for chronic care drugs at the net price of the drug (i.e., the negotiated price net of all manufacturer price concessions); for costs above the annual deductible and below the annual out-of-pocket threshold, cost-sharing must be based on a percentage of the drug's net price (if cost-sharing for that drug is tied to the price or cost of the drug).
Recent actions
- Sep 11, 2025 Read twice and referred to the Committee on Finance.
- Sep 11, 2025 Introduced in Senate
Votes
No recorded votes are available for this bill.