S 2770
Share the Savings with Seniors Act
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- Passed Senate
- Passed House
- To President
- Became Law
Bill overview
The Share the Savings with Seniors Act aims to change how Medicare Part D plans handle the cost-sharing for certain medications, known as chronic care drugs. Specifically, it limits the cost-sharing for these drugs below the annual deductible to the drug’s net price, and for costs above the deductible but below the out-of-pocket limit, it requires cost-sharing to be based on a percentage of the drug’s net price. This legislation is intended to make these medications more affordable for seniors.
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