118th Congress · SENATE BILLBILL

S. 1450 — Cutting Medicare Prescription Drug Prices in Half Act

“A bill to establish a cap on costs for covered prescription drugs under Medicare parts B and D.”

Health

Introduced May 4, 2023

Last action May 4, 2023

Pipeline · Bill → Law

Step 1

Introduced

May 4, 2023

Step 2

Referred

May 4, 2023

Finance

Step 3

Committee

Step 4

Senate

Step 5

House floor

Step 6

Resolve Changes

Step 7

Signed

SummaryCRS Summary

This bill caps the cost of prescription drugs under Medicare at the amount that the Department of Veterans Affairs or the General Services Administration pays for the drug, whichever is lower.

Provisions · 2 sectionsIntroduced in Senate

Timeline · 2 actions

May 4, 2023

Introduced in Senate

May 4, 2023

Read twice and referred to the Committee on Finance.