Summary: H.R.7877 — 116th Congress (2019-2020)All Information (Except Text)

There is one summary for H.R.7877. Bill summaries are authored by CRS.

Shown Here:
Introduced in House (07/30/2020)

Lowering Drug Costs for Seniors Act of 2020

This bill modifies and establishes certain requirements under the Medicare prescription drug benefit. Specifically, the bill lowers the annual out-of-pocket spending threshold for 2021, and requires the Centers for Medicare & Medicaid Services to issue payments to beneficiaries who exceed a modified 2020 threshold, as specified.