II
112th CONGRESS
1st Session
S. 733
IN THE SENATE OF THE UNITED STATES
April 5, 2011
Mr. Roberts (for himself and Ms. Stabenow) introduced the following bill; which was read twice and referred to the Committee on Finance
A BILL
To amend part B of title XVIII of the Social Security Act to exclude customary prompt pay discounts from manufacturers to wholesalers from the average sales price for drugs and biologicals under Medicare.
Excluding customary prompt pay discounts from manufacturers to wholesalers from the average sales price for Medicare payments for drugs and biologicals
In general
Section 1847A(c)(3) of the Social Security Act (42 U.S.C. 1395w–3a(c)(3)) is amended—
in the first
sentence, by inserting (other than customary prompt pay discounts
extended to wholesalers)
after prompt pay discounts
;
and
in the second
sentence, by inserting (other than customary prompt pay discounts
extended to wholesalers)
after other price
concessions
.
Effective date
The amendments made by this section shall apply to drugs and biologicals that are furnished on or after January 1, 2012.