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senate Bill S. 2553

Know the Lowest Price Act of 2018

Bill Details

Official information provided by the Congressional Research Service. Learn more or make a suggestion.
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Title

Know the Lowest Price Act of 2018

Official Title

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.

Summary

Know the Lowest Price Act of 2018 (Sec. 2) This bill prohibits a prescription drug plan under Medicare or Medicare Advantage from restricting a pharmacy from informing an enrollee of any difference between the price, copayment, or coinsurance of a drug under the plan and a lower price of the drug without health-insurance coverage. (Such restrictions are commonly referred to as gag clauses.)

bill Progress


  • EnactedOctober 10th, 2018
    The President signed this bill into law
  • The house Passed September 25th, 2018
    Passed by Voice Vote
      house Committees
      Committee on Energy and Commerce
      Health
      Committee on Ways and Means
  • The senate Passed September 4th, 2018
    Passed by Voice Vote
      senate Committees
      Committee on Finance
    IntroducedMarch 14th, 2018

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