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Medicare Prescription Drug Savings and Choice Act of 2004

Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 639.

Official summary

Version 00 · Introduced in Senate · Jul 14, 2004

Medicare Prescription Drug Savings and Choice Act of 2004 - Amends part D (Voluntary Prescription Drug Benefit Program) of title XVIII (Medicare) of the Social Security Act, as added by the Medicare Prescription Drug, Improvement, and Modernization Act of 2003, to direct the Secretary of Health and Human Services, for each year beginning with 2006, to: (1) offer one or more Medicare operated prescription drug plans nationally that offer qualified prescription drug coverage and access to negotiated prices, while allowing the plan to offer supplemental prescription drug coverage in the same manner as other qualified prescription drug coverage offered by other prescription drug plans; and (2) enter into negotiations with pharmaceutical manufacturers to reduce the purchase cost of covered Medicare part D drugs for eligible part D individuals, and encourage the use of more affordable therapeutic equivalents.

Requires the monthly beneficiary premium charged under such a plan to be uniform nationally. Makes the premium for months in 2006 $35. Bases the premium for months in succeeding years on the average monthly per capita actuarial cost of offering the Medicare operated prescription drug plan for the year involved, including administrative expenses. Allows for adjustment of such premium amount in case of supplemental prescription drug coverage.

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Who introduced it

Sen. Durbin, Richard J. [D-IL] · D–IL

Committees

    2 cosponsorship records, including any withdrawals

    Actions

    A procedural vote is different from passage. Passage in one chamber does not establish enactment. Explore the glossary.

    1. Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 639.

    2. Introduced in the Senate. Read the first time. Placed on Senate Legislative Calendar under Read the First Time.

    3. Sponsor introductory remarks on measure. (CR S8119-8122)

    4. Introduced in Senate

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