HR 7877
Lowering Drug Costs for Seniors Act of 2020
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Sign in to take action- Introduced
- Passed House
- Passed Senate
- To President
- Became Law
Bill overview
The Lowering Drug Costs for Seniors Act of 2020 aims to help Medicare Part D beneficiaries manage their prescription drug costs. It provides one-time offset payments to individuals who exceeded their out-of-pocket spending threshold in 2020, and it reduces the annual growth rate of that threshold for 2021. The bill specifically targets individuals who are not enrolled in a qualified retiree plan and do not receive an income-related subsidy. This legislation seeks to alleviate financial burdens associated with prescription medications for seniors.
Sponsors
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Primary sponsor
John Katko
Cosponsor
Stephanie N. Murphy
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