Starting in 2027, some Medicare Part D members would pay based on a lower after-discount drug price for certain chronic-condition medicines. The bill also limits what some low-income seniors can be charged for those same drugs.
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Share the Savings with Seniors Act is a Senate bill in committee. The latest recorded action: Read twice and referred to the Committee on Finance.
Latest action on S. 2770: Read twice and referred to the Committee on Finance.
Who this affects: This bill mainly affects Medicare Part D members who take regular medicine for long-term health problems and pay a share of the drug’s price. It also affects low-income seniors who get Extra Help, because their copays for certain chronic drugs could be limited. Drug plans, pharmacies, pharmacy benefit managers that run drug benefits, and federal health officials would also have to adjust how these prices and charges are set.
Why this matters: Many seniors with chronic illnesses take expensive drugs every month, and some pay a percentage of a price that can be higher than what the plan really pays after discounts. This bill tries to move some of that discount value to the patient at the pharmacy counter. It could lower out-of-pocket costs for some people, especially those using coinsurance. But the bill does not say whether plans would respond by changing premiums or redesigning benefits.
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