A bill to amend title XI of the Social Security Act to establish internet website-based dashboards to allow the public to review information on spending for, and utilization of, prescription drugs and biologicals covered under the Medicare and Medicaid programs.
Prescription Drug Pricing Dashboard Act
This bill provides statutory authority for, and establishes requirements regarding, the Medicare and Medicaid prescription drug pricing dashboards that are operated by the Centers for Medicare & Medicaid Services (CMS). The dashboards provide spending information for covered drugs, including the average spending per dosage unit and changes in spending over time.
The bill requires the CMS to update the dashboards annually and to include specified information, such as information about out-of-pocket costs and the drugs that have the highest total spending under each program.
Introduced in Senate
Read twice and referred to the Committee on Finance.
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