About | HeinOnline Law Journal Library | HeinOnline Law Journal Library | HeinOnline
LOG IN
LOG IN

1 H.R. 1499, Protecting Consumer Access to Generic Drugs Act of 2019 1 (April 26, 2019)

handle is hein.congrec/prtcongen0001 and id is 1 raw text is: j Congressional Budget Office Cost Estimate April 26, 2019 Millions of Dollars 2019 2019-2024 2019-2029 Direct Spending (Outlays) 0 -193 -520 Revenues Deficit Effect 0 0 34 -227 93 -613 H.R. 1499 would prohibit certain agreements that are used to settle claims of patent infringement between sponsors of brand-name, generic, or biosimilar drugs relating to the sale of a drug or biological product. The bill also would create civil penalties for parties to settlement agreements that violate the bill's requirements. CBO expects that the bill would accelerate the availability of lower-priced generic or biosimilar drugs that would have been affected by agreements prohibited under the bill and reduce the average price of drugs paid by federal health programs that purchase drugs or provide health insurance that covers drugs. In total, CBO estimates that enacting H.R. 1499 would decrease the deficit by $613 million over the 2019-2029 period. That amount includes a $520 million reduction in direct spending and a $93 million increase in revenues. CBO also estimates that implementing H.R. 1499 would decrease spending subject to appropriation by $24 million over the 2019-2024 period, assuming appropriation actions consistent with the bill. That decrease would result primarily because lower estimated drug prices would reduce costs for discretionary health programs. By prohibiting certain agreements between sponsors of brand-name, generic, or biosimilar drugs, H.R. 1499 would impose a private-sector mandate as defined in the Unfunded Mandates Reform Act (UMRA). CBO estimates the cost of the mandate, in the form of lost revenues to patent holders, would exceed the threshold for private-sector mandates See also CBO's Cost Estimates Explained, www.cbo.gov/publication /54437; How CBO Prepares Cost Estimates, www.cbo.gov/publicationi53519; and Glossary, www.cbo.govipublication/42904.

What Is HeinOnline?

HeinOnline is a subscription-based resource containing thousands of academic and legal journals from inception; complete coverage of government documents such as U.S. Statutes at Large, U.S. Code, Federal Register, Code of Federal Regulations, U.S. Reports, and much more. Documents are image-based, fully searchable PDFs with the authority of print combined with the accessibility of a user-friendly and powerful database. For more information, request a quote or trial for your organization below.



Short-term subscription options include 24 hours, 48 hours, or 1 week to HeinOnline.

Purchase Access

Contact us for annual subscription options:

Contact Us

Already a HeinOnline Subscriber?

Log In

profiles profiles most