Federal Legislation News

S 1773 – Prescription Drug Pricing Dashboard Act

Federal Bill S1773 supports the Dignity Alliance MA Goal 3 – Home and Community-Based Supports and Services improvement and expansion of opportunities.

A bill to amend title XI of the Social Security Act to establish internet website-based dashboards to allow the public to review information on spending for, and utilization of, prescription drugs and biologicals covered under the Medicare and Medicaid programs.

This bill provides statutory authority for, and establishes requirements regarding, the Medicare and Medicaid prescription drug pricing dashboards that are operated by the Centers for Medicare & Medicaid Services (CMS). The dashboards provide spending information for covered drugs, including the average spending per dosage unit and changes in spending over time.

The bill requires the CMS to update the dashboards annually and to include specified information, such as information about out-of-pocket costs and the drugs that have the highest total spending under each program.