[Congressional Bills 108th Congress]
[From the U.S. Government Publishing Office]
[S. 2714 Placed on Calendar Senate (PCS)]
Calendar No. 669
108th CONGRESS
2d Session
S. 2714
To amend part D of title XVIII of the Social Security Act, as added by
the Medicare Prescription Drug, Improvement, and Modernization Act of
2003, to provide for negotiation of fair prices for Medicare
prescription drugs.
_______________________________________________________________________
IN THE SENATE OF THE UNITED STATES
July 21, 2004
Mr. Daschle introduced the following bill; which was read the first
time
July 22, 2004
Read the second time and placed on the calendar
_______________________________________________________________________
A BILL
To amend part D of title XVIII of the Social Security Act, as added by
the Medicare Prescription Drug, Improvement, and Modernization Act of
2003, to provide for negotiation of fair prices for Medicare
prescription drugs.
Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the ``Medicare Prescription Drug Price
Reduction Act of 2004''.
SEC. 2. NEGOTIATING FAIR PRICES FOR MEDICARE PRESCRIPTION DRUGS.
Section 1860D-11 of the Social Security Act (42 U.S.C. 1395w-111)
is amended by striking subsection (i) (relating to noninterference) and
by inserting the following:
``(i) Authority To Negotiate Prices With Manufacturers.--In order
to ensure that each part D eligible individual who is enrolled under a
prescription drug plan or an MA-PD plan pays the lowest possible price
for covered part D drugs, the Secretary shall have authority similar to
that of other Federal entities that purchase prescription drugs in bulk
to negotiate contracts with manufacturers of covered part D drugs,
consistent with the requirements of this part and in furtherance of the
goals of providing quality care and containing costs under this
part.''.
Calendar No. 669
108th CONGRESS
2d Session
S. 2714
_______________________________________________________________________
A BILL
To amend part D of title XVIII of the Social Security Act, as added by
the Medicare Prescription Drug, Improvement, and Modernization Act of
2003, to provide for negotiation of fair prices for Medicare
prescription drugs.
_______________________________________________________________________
July 22, 2004
Read the second time and placed on the calendar