Prohibits Medicare insurers from restricting pharmacies’ informing individuals of drug prices.
Know the Lowest Price Act of 2018
This bill prohibits a health-benefits plan or pharmacy-benefits manager under Medicare or Medicare Advantage from restricting a pharmacy from informing an enrollee of any difference between the price of a drug under the plan and the price of the drug without health-insurance coverage.
Original sponsor: Sen. Stabenow, Debbie [D-MI]
Passed House by voice vote.
Passed Senate by unanimous consent.
Related bills: HR 6733 (Did not pass the House); S2554