Summary: S.475 — 116th Congress (2019-2020)All Information (Except Text)

There is one summary for S.475. Bill summaries are authored by CRS.

Shown Here:
Introduced in Senate (02/13/2019)

Reducing Existing Costs Associated with Pharmaceuticals for Seniors Act of 2019 or the RxCAP Act of 2019

This bill eliminates beneficiary cost-sharing above the Medicare prescription drug benefit's annual out-of-pocket threshold beginning in plan year 2020. Under current law, the Medicare prescription drug benefit provides coverage above that threshold only with cost-sharing in the form of either copayment or coinsurance.