S.2723 - Pharmacists Medicare Relief Act of 2006109th Congress (2005-2006)
|Sponsor:||Sen. Lautenberg, Frank R. [D-NJ] (Introduced 05/04/2006)|
|Committees:||Senate - Finance|
|Latest Action:||Senate - 05/04/2006 Read twice and referred to the Committee on Finance. (All Actions)|
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Summary: S.2723 — 109th Congress (2005-2006)All Information (Except Text)
Introduced in Senate (05/04/2006)
Pharmacists Medicare Relief Act of 2006 - Amends title XVIII (Medicare) of the Social Security Act to require prompt payment of clean claims to pharmacies by prescription drug plans (PDPs) and Medicare Advantage prescription drug plans (MA-PD Plans). Defines prompt payment as within 14 days from submission for claims submitted electronically, and within 30 days for claims submitted otherwise. Requires payment of interest, also, if a payment is not issued, mailed, or otherwise transmitted within the applicable number of calendar days.
Prohibits a Medicare prescription drug card issued by a PDP sponsor or an MA-PD plan, and any related marketing materials, from displaying the name or brand of any pharmacy (co-branding). Prescribes criminal penalties for engaging in prohibited co-branding.