H.R.5166 - Independent Pharmacy Protection Act of 2006109th Congress (2005-2006)
|Sponsor:||Rep. Wicker, Roger F. [R-MS-1] (Introduced 04/06/2006)|
|Committees:||House - Ways and Means; Energy and Commerce|
|Latest Action:||House - 04/19/2006 Referred to the Subcommittee on Health, for a period to be subsequently determined by the Chairman . (All Actions)|
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Summary: H.R.5166 — 109th Congress (2005-2006)All Information (Except Text)
Introduced in House (04/06/2006)
Independent Pharmacy Protection Act of 2006 - Amends part D (Voluntary Prescription Drug Benefit Program) of title XVIII (Medicare) of the Social Security Act to require each prescription drug plan contract entered into with a plan sponsor to provide for: (1) the availability of direct deposit payments; (2) an increased dispensing fee for generic drugs; and (3) payments within 10 days for certain pharmacies.
Requires the dispensing fee paid to a participating pharmacy for a generic covered part D drug therapeutically equivalent and bioequivalent to a brand name covered part D drug dispensed through the pharmacy to be at least 50% greater than the dispensing fee for the brand name drug.
Limits to $10 the dispensing fee paid to a participating pharmacy for a generic covered part D drug.
Prohibits a prescription drug plan, subject to exception by the Secretary of Health and Human Services, from decreasing the dispensing fee paid to a participating pharmacy for a brand name drug to an amount less than the dispensing fee paid for it on the date of enactment of this Act.
Applies this Act to contracts with a Medicare Advantage organization in the same manner as they apply to those with a prescription drug plan sponsor.