S. 733 (112th): A bill to amend part B of title XVIII of the Social Security Act to exclude customary ...

...prompt pay discounts from manufacturers to wholesalers from the average sales price for drugs and biologicals under Medicare.

112th Congress, 2011–2013. Text as of Apr 05, 2011 (Introduced).

Status & Summary | PDF | Source: GPO

II

112th CONGRESS

1st Session

S. 733

IN THE SENATE OF THE UNITED STATES

April 5, 2011

(for himself and Ms. Stabenow) introduced the following bill; which was read twice and referred to the Committee on Finance

A BILL

To amend part B of title XVIII of the Social Security Act to exclude customary prompt pay discounts from manufacturers to wholesalers from the average sales price for drugs and biologicals under Medicare.

1.

Excluding customary prompt pay discounts from manufacturers to wholesalers from the average sales price for Medicare payments for drugs and biologicals

(a)

In general

Section 1847A(c)(3) of the Social Security Act (42 U.S.C. 1395w–3a(c)(3)) is amended—

(1)

in the first sentence, by inserting (other than customary prompt pay discounts extended to wholesalers) after prompt pay discounts; and

(2)

in the second sentence, by inserting (other than customary prompt pay discounts extended to wholesalers) after other price concessions.

(b)

Effective date

The amendments made by this section shall apply to drugs and biologicals that are furnished on or after January 1, 2012.