Share the Savings with Seniors Act

This bill changes how Medicare Part D drug plans set what enrollees pay for certain long-term (chronic care) drugs, starting with plan years on or after January 1, 2027. Covered drug groups include diabetes drugs other than insulin, certain inhaled and lung drugs, blood thinners, and other heart drugs. Before the deductible is met, what an enrollee pays could not be more than the drug's net price, meaning the price after manufacturer discounts and rebates. Between the deductible and the out-of-pocket limit, any coinsurance would be based on a percentage of the net price, unless the plan uses a flat copayment instead. The bill also limits copays for low-income enrollees to no more than the plan's regular cost-sharing for these drugs.

Full text and official record on Congress.gov

Sponsors

• John Cornyn Republican sponsor
• 3 cosponsors