H.R. 5924House118th Congress (2023-2025)In Committee

Lower Drug Costs Today Act

Introduced October 11, 2023

AI-Generated Summary

Updated January 20, 2026 at 12:14 PM UTC

The Lower Drug Costs Today Act changes the schedule for Medicare prescription‑drug benefits. It moves the annual out‑of‑pocket threshold dates forward by about a year and advances the start of the Medicare drug‑price negotiation program from 2026 to 2024. The changes affect Medicare beneficiaries and the timing of the federal drug‑price negotiations.

Key Provisions

  • Adjusts the annual out‑of‑pocket threshold dates for Medicare drug coverage, shifting the 2024 and 2025 dates to 2023 and 2024 respectively.
  • Advances the Medicare drug‑price negotiation program, moving its initial implementation from 2026 to 2024 and shifting all subsequent rollout years earlier by two years.
  • Updates all related sections of the Social Security Act to reflect the new timing for both the threshold changes and the negotiation program.

Legislative Activity

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3 earlier actions
HouseCommittee Latest Action

Referred to the Subcommittee on Health.

December 17, 2024

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HouseIntro Referral

Introduced in House

October 11, 2023

HouseIntro Referral

Referred to the Committee on Energy and Commerce, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

October 25, 2023

HouseCommittee

Referred to the Subcommittee on Health.

November 3, 2023

HouseCommittee

Referred to the Subcommittee on Health.

December 17, 2024

Floor Debate

15 members

What members said about H.R. 5924 on the floor

9 Republicans6 Democrats
Jerrold Nadler
Rep. Jerrold NadlerD-NY-12 · May 1, 2024

Mr. Speaker, I yield myself such time as I may consume. Mr. Speaker, I devoted much of my life to combating anti-Semitism, and I am as attuned as anyone to threats and bigotry aimed at Jewish people.…

Tom McClintock
Rep. Tom McClintockR-CA-5 · May 1, 2024

Mr. Speaker, pursuant to House Resolution 1173, I call up the bill (H.R. 6090) to provide for the consideration of a definition of antisemitism set forth by the International Holocaust Remembrance…

Michael Lawler
Rep. Michael LawlerR-NY-17 · May 1, 2024

Mr. Speaker, I respond to my colleague from New York and his misguided remarks. In 2018, the gentleman was a cosponsor of the Anti-Semitism Awareness Act, which adopted the very definition that he…

Sheila Jackson Lee
Rep. Sheila Jackson LeeD-TX-18 · May 1, 2024

Mr. Speaker, I rise today to speak on H.R. 6090-- Antisemitism Awareness Act of 2023. In light of recent events across the globe and here in the United States, where anti-Semitic attacks and hate…

Josh Gottheimer
Rep. Josh GottheimerD-NJ-5 · May 1, 2024

Mr. Speaker, I rise today in support of my bipartisan bill, the Antisemitism Awareness Act, to ensure that we are standing up to the Jew hatred that is spreading like wildfire on campuses across our…

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Steve Cohen
Rep. Steve CohenD-TN-9 · May 1, 2024

Mr. Speaker, I appreciate my chairman, and I also found the remarks that were directed at you to be reprehensible. I know you and I know your commitment to fair play and the First Amendment. However,…

Marcus J. Molinaro
Rep. Marcus J. MolinaroR-NY-19 · May 1, 2024

Mr. Speaker, I would never question those who oppose this legislation's beliefs, their ideology, their religious faith. I do, however, question the motive. We are in a moment of choosing, and there…

Jim Jordan
Rep. Jim JordanR-OH-4 · May 1, 2024

Mr. Speaker, I thank the gentleman for yielding. Calls for the destruction of Israel, our dearest and closest ally, are wrong. Attacks on Jewish students on college campuses are wrong, as well. I…

Christopher H. Smith
Rep. Christopher H. SmithR-NJ-4 · May 1, 2024

Mr. Speaker, I first thank Mr. Lawler for his very, very passionate and articulate defense of our Jewish brethren. It was very, very moving, and I thank him for that. Mr. Speaker, 42 years ago, my…

Tracey Mann
Rep. Tracey MannR-KS-1 · May 1, 2024

Mr. Speaker, I thank the gentleman for yielding. Mr. Speaker, the events unfolding at our country's colleges and universities are devastating. For years, we have taught Americans and committed…

Betty McCollum
Rep. Betty McCollumD-MN-4 · May 1, 2024

Mr. Speaker, I rise to address my intended vote on H.R. 6090, the Antisemitism Awareness Act. This bill would require the Department of Education to utilize the International Holocaust Remembrance…

David Kustoff
Rep. David KustoffR-TN-8 · May 1, 2024

Mr. Speaker, I thank the gentleman for yielding. Mr. Speaker, I do rise today in support of the Antisemitism Awareness Act. We all know that since Hamas' brutal and barbaric attack on Israel on…

Earl L. "Buddy" Carter
Rep. Earl L. "Buddy" CarterR-GA-1 · May 1, 2024

Mr. Speaker, I rise today in support of H.R. 6090, the Antisemitism Awareness Act. The pro-Hamas protests we are seeing now play out on TV that are taking place on college campuses are living proof…

Show 2 more
Virginia Foxx
Rep. Virginia FoxxR-NC-5 · May 1, 2024

Mr. Speaker, America's colleges and universities are experiencing an explosion in anti-Semitism, including explicit support for terrorism. That these taxpayer-funded institutions have become forums…

Ruben Gallego
Rep. Ruben GallegoD-AZ-3 · May 1, 2024

Mr. Speaker, while I was unable to attend today's vote series, had I been able to attend, I would have proudly voted yes on H.R. 6090, the Antisemitism Awareness Act, which I am a cosponsor of. This…

Bill Text

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Introduced in HouseIssued October 25, 2023

I

118th CONGRESS

1st Session

H. R. 5924

IN THE HOUSE OF REPRESENTATIVES

October 11, 2023

Mr. Magaziner introduced the following bill

October 25, 2023

Referred to the Committee on Energy and Commerce, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned

A BILL

To amend title XVIII of the Social Security Act with respect to the timing of changes to the annual out-of-pocket threshold for the Medicare prescription drug benefit, and to amend title XI of such Act with respect to the timing of the Medicare drug price negotiation program.

1.

Short title

This Act may be cited as the Lower Drug Costs Today Act.

2.

Timing of changes to annual out-of-pocket threshold for Medicare prescription drug benefit

(a)

In general

Section 1860D–2(b)(4)(B)(i) of the Social Security Act (42 U.S.C. 1395w–102(b)(4)(B)(i)) is amended—

(1)

in subclause (VI), by striking 2024 and inserting 2023; and

(2)

in subclause (VII), by striking 2025 and inserting 2024.

(b)

Conforming amendments

(1)

Section 1860D–2 of the Social Security Act (42 U.S.C. 1395w–102) is amended—

(A)

in subsection (a)(2)(A)(i)(I), by striking 2025 and inserting 2024;

(B)

in subsection (b)—

(i)

in paragraph (2)—

(I)

in subparagraph (A), by striking 2025 each place it appears and inserting 2024;

(II)

in subparagraph (C)—

(aa)

in clause (i), by striking 2025 and inserting 2024; and

(bb)

in clause (ii)(III), by striking 2024 and inserting 2023;

(III)

in subparagraph (D)—

(aa)

in clause (i)—

(AA)

in the matter preceding subclause (I), by striking 2025 and inserting 2024; and

(BB)

in subclause (I)(bb), by striking 2024 and inserting 2023; and

(bb)

in clause (ii)(V), by striking 2024 and inserting 2023; and

(IV)

in subparagraph (E)(i), by striking 2025 and inserting 2024;

(ii)

in paragraph (3)(A)—

(I)

in the matter preceding clause (i), by striking 2025 and inserting 2024; and

(II)

in clause (ii), by striking 2024 and inserting 2023; and

(iii)

in paragraph (4)—

(I)

in subparagraph (C)—

(aa)

in clause (i), by striking 2025 and inserting 2024; and

(bb)

in clause (iii)(II), by striking 2025 and inserting 2024; and

(II)

in subparagraph (E), by striking 2024 and inserting 2023;

(C)

in subsection (c)(1)(C)—

(i)

in the matter preceding clause (i), by striking 2025 each place it appears and inserting 2024; and

(ii)

in clause (i), by striking 2025 each place it appears and inserting 2024; and

(D)

in subsection (d)(1)(A), by striking 2025 and inserting 2024.

(2)

Section 1860D–4(a)(4)(B)(i) of the Social Security Act (42 U.S.C. 1395w–104(a)(4)(B)(i)) is amended by striking 2025 and inserting 2024.

(3)

Section 1860D–14(a)(1)(C) of the Social Security Act (42 U.S.C. 1395w–114(a)(1)(C)) is amended by striking 2025 and inserting 2024.

(4)

Section 1860D–15(b) of the Social Security Act (42 U.S.C. 1395w–115(b)) is amended—

(A)

in paragraph (1)—

(i)

in subparagraph (A), by striking 2025 and inserting 2024; and

(ii)

in subparagraph (B), in the matter preceding clause (i), by striking 2025 and inserting 2024; and

(B)

in paragraph (3), by striking 2025 and inserting 2024.

(5)

Section 1860D–22(a)(2)(A) of the Social Security Act (42 U.S.C. 1395w–132(a)(2)(A)) is amended—

(A)

in clause (i), by striking 2025 and inserting 2024; and

(B)

in clause (ii), by striking 2025 and inserting 2024.

(6)

Section 1860D–41(a)(6) of the Social Security Act (42 U.S.C. 1395w–151(a)(6)) is amended by striking 2025 and inserting 2024.

3.

Timing of Medicare drug price negotiation program

(a)

In general

Part E of title XI of the Social Security Act (42 U.S.C. 1320f et seq.) is amended—

(1)

in section 1191—

(A)

in subsection (b)(1), by striking 2026 and inserting 2024; and

(B)

in subsection (d)—

(i)

in the subsection heading, by striking 2026 and inserting 2024; and

(ii)

in the matter preceding paragraph (1), by striking 2026 and inserting 2024;

(2)

in section 1192—

(A)

in subsection (a)—

(i)

in paragraph (1), by striking 2026 and inserting 2024;

(ii)

in paragraph (2), by striking 2027 and inserting 2025;

(iii)

in paragraph (3), by striking 2028 and inserting 2026; and

(iv)

in paragraph (4), by striking 2029 and inserting 2027;

(B)

in subsection (b)(2)—

(i)

in the paragraph heading, by striking 2026 and 2027 and inserting 2024 and 2025;

(ii)

by striking 2026 and inserting 2024; and

(iii)

by striking 2027 and inserting 2025;

(C)

in subsection (d)—

(i)

in paragraph (1), by striking 2026 or 2027 and inserting 2024 or 2025;

(ii)

in paragraph (2)(A), by striking 2026, 2027, and 2028 and inserting 2024, 2025, and 2026; and

(iii)

in paragraph (3)(A)(ii), by striking 2026, 2027, and 2028 and inserting 2024, 2025, and 2026; and

(D)

in subsection (e)(3)(B)—

(i)

in clause (i), by striking 2026 and inserting 2024; and

(ii)

in clause (ii), by striking 2027 and inserting 2025; and

(3)

in section 1194—

(A)

in subsection (c)(1)(C)—

(i)

in clause (i)—

(I)

in the clause heading, by striking 2026 and inserting 2024; and

(II)

by striking 2026 and inserting 2024; and

(ii)

in clause (ii)—

(I)

in the clause heading, by striking 2027 and inserting 2025; and

(II)

in the matter preceding subclause (I), by striking 2027 and inserting 2025;

(B)

in subsection (d), by striking 2029 or 2030 and inserting 2027 or 2028; and

(C)

in subsection (f)(3), by striking 2028 and inserting 2026.

(b)

Conforming amendment to part D

Section 1860D–4(b)(3)(I)(i) of the Social Security Act (42 U.S.C. 1395w–104(b)(3)(I)(i)) is amended by striking 2026 and inserting 2024.