Public Law 115-262: A bill 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.

By | April 24, 2019
Seal of the US Department of Health and Human Services
Seal of the US Department of Health and Human Services

Prohibits Medicare insurers from restricting pharmacies’ informing individuals of drug prices.

Official Summary

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.

Passed House
2018-09-25
Passed Senate
2018-09-04
Signed by President
2018-10-10
Became Public Law
2018-10-10

Amendments

S.Amdt.4010: https://www.congress.gov/amendment/115th-congress/senate-amendment/4010

Sponsors

Original sponsor: Sen. Stabenow, Debbie [D-MI]

Votes

Passed House by voice vote.

Passed Senate by unanimous consent.

Related bills:  HR 6733 (Did not pass the House); S2554

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