S 1836
SMART Prices Act
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Sign in to take action- Introduced
- Passed Senate
- Passed House
- To President
- Became Law
Bill overview
This bill, the SMART Prices Act, aims to strengthen the drug pricing reforms established in the Inflation Reduction Act by expanding Medicare’s ability to negotiate prices for prescription drugs. Specifically, it accelerates the timeline for selecting drugs for negotiation, shortens the period during which drug manufacturers can challenge the negotiated price, and adjusts the maximum fair price that Medicare can pay for these drugs. These changes are intended to lower drug costs for Medicare beneficiaries.
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Primary sponsor
Cosponsors
Angus S., Jr. King
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