Text: S.2553 — 115th Congress (2017-2018)All Information (Except Text)

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Public Law No: 115-262 (10/10/2018)

 
[115th Congress Public Law 262]
[From the U.S. Government Publishing Office]



[[Page 132 STAT.3670]]

Public Law 115-262
115th Congress

                                 An Act


 
  To amend title XVIII of the Social Security Act to prohibit Medicare 
  part D plans from restricting pharmacies from informing individuals 
regarding the prices for certain drugs and biologicals. <<NOTE: Oct. 10, 
                          2018 -  [S. 2553]>> 

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled, <<NOTE: Know the Lowest 
Price Act of 2018.>> 
SECTION 1. <<NOTE: 42 USC 1305 note.>> SHORT TITLE.

    This Act may be cited as the ``Know the Lowest Price Act of 2018''.
SEC. 2. PROHIBITION ON LIMITING CERTAIN INFORMATION ON DRUG 
                    PRICES.

    (a) In General.--Section 1860D-4 of the Social Security Act (42 
U.S.C. 1395w-104) is amended by adding at the end the following new 
subsection:
    ``(m) Prohibition on Limiting Certain Information on Drug Prices.--A 
PDP sponsor and a Medicare Advantage organization shall ensure that each 
prescription drug plan or MA-PD plan offered by the sponsor or 
organization does not restrict a pharmacy that dispenses a prescription 
drug or biological from informing, nor penalize such pharmacy for 
informing, an enrollee in such plan of any differential between the 
negotiated price of, or copayment or coinsurance for, the drug or 
biological to the enrollee under the plan and a lower price the 
individual would pay for the drug or biological if the enrollee obtained 
the drug without using any health insurance coverage.''.

[[Page 132 STAT. 3671]]

    (b) <<NOTE: 42 USC 1395w-104 note.>> Effective Date.--The amendment 
made by subsection (a) shall apply to plan years beginning on or after 
January 1, 2020.

    Approved October 10, 2018.

LEGISLATIVE HISTORY--S. 2553:
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CONGRESSIONAL RECORD, Vol. 164 (2018):
            Sept. 4, considered and passed Senate.
            Sept. 25, considered and passed House.
DAILY COMPILATION OF PRESIDENTIAL DOCUMENTS (2018):
            Oct. 10, Presidential remarks.

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