H.R.1474 - Fair and Speedy Treatment (FAST) of Medicare Prescription Drug Claims Act of 2007110th Congress (2007-2008)
|Sponsor:||Rep. Berry, Marion [D-AR-1] (Introduced 03/12/2007)|
|Committees:||House - Energy and Commerce; Ways and Means|
|Latest Action:||03/20/2007 Referred to the Subcommittee on Health. (All Actions)|
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Summary: H.R.1474 — 110th Congress (2007-2008)All Bill Information (Except Text)
Introduced in House (03/12/2007)
Fair and Speedy Treatment (FAST) of Medicare Prescription Drug Claims Act of 2007 - Amends title XVIII 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 calendar days from submission for claims submitted electronically, and within 30 calendar 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.
Makes it unlawful for a PDP sponsor to display on any explanatory prescription drug information and enrollee cards the name, brand, or trademark (co-branding) of any pharmacy.