S 2617
Reducing Drug Prices for Seniors Act.
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- Passed Senate
- Passed House
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- Became Law
Bill overview
This bill, the Reducing Drug Prices for Seniors Act, aims to lower prescription drug costs for Medicare Part D beneficiaries. It requires that the coinsurance amounts paid by seniors for covered medications be based on the actual ‘net price’ of the drug – the negotiated price after manufacturer discounts – rather than the drug’s list price. This change would take effect starting in 2026, ensuring seniors pay less for their medications when possible. The bill seeks to make Medicare Part D more affordable for older Americans.
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