Menu Search Account

LegiStorm

Get LegiStorm App Visit Product Demo Website
» Get LegiStorm App
» Get LegiStorm Pro Free Demo

Division A - Prescription Drug Pricing Reduction Act of 2019 (CBO Report for Congress)

Premium   Download PDF Now (7 pages)
Congress 116th
Date Requested Dec. 6, 2019
Date Sent March 13, 2020
Description:
CBO estimates that the legislation would reduce spending on cost-sharing by about $72 billion over the 2020 - 2030 period among Part D enrollees who are not covered by the Low-Income Subsidy program. CBO estimates that the legislation would reduce spending on premiums by about $1 billion over the 2020 - 2030 period among Part D enrollees who are not covered by the Low-Income Subsidy program. Modifications to the legislation include changing the beneficiary share of the Part D premium from 25.5 percent to 24.5 percent, changing implementation dates, and removing section 10205 which was enacted under P.L. 116-59 on September 27, 2019.

« Return to search CBO reports