H.R. 7877 · 116th Congress
Lowering Drug Costs for Seniors Act of 2020
- Stage
- In committee
- Sponsor
- John Katko
- Introduced
- 2020-07-30
- Latest action
- 2020-07-30 · Introduced in House
Summary
Lowering Drug Costs for Seniors Act of 2020
This bill modifies and establishes certain requirements under the Medicare prescription drug benefit. Specifically, the bill lowers the annual out-of-pocket spending threshold for 2021, and requires the Centers for Medicare & Medicaid Services to issue payments to beneficiaries who exceed a modified 2020 threshold, as specified.