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S. Rept. 116-120 1 (2019-09-25)

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                                                      Calendar No. 225
                  116TH CONGRESS            SEAEREPORT
                     1st Session J          SENATE                116-120





                   THE PRESCRIPTION DRUG PRICING REDUCTION ACT OF
                                              2019


                                SEPTEMBER 25, 2019.-Ordered to be printed


                           Mr. GRASSLEY, from the Committee on Finance,
                                     submitted the following

                                        REPORT

                                        [To accompany 2543]
                    The Committee on Finance having considered an original bill (S.
                  2543) to amend titles XI, XVIII, and XIX of the Social Security Act
                  to lower prescription drug prices in the Medicare and Medicaid pro-
                  grams, to improve transparency related to pharmaceutical prices
                  and transactions, to lower patients' out-of-pocket costs, and to en-
                  sure accountability to taxpayers, and for other purposes, having
                  considered the same, reports favorably thereon without amendment
                  and recommends that the bill do pass.
                                           CONTENTS
                   I. LEGISLATIVE  BACKGROUND  .....................................................................  1
                   II. EXPLANATION  OF  TH E  BILL  .....................................................................  6
                   III. BUDGET  EFFECTS  OF  THE  BILL  ...............................................................  49
                   IV. VOTES  OF  TH E  COM M ITTEE  ......................................................................  49
                   V. REGULATORY IMPACT AND OTHER MATTERS .....................................  50
                   VI. CHANGES IN EXISTING LAW MADE BY THE BILL, AS REPORTED       50
                                I. LEGISLATIVE BACKGROUND
                    The Committee on Finance, having considered S. 2543, as modi-
                  fied, a bill that would amend titles XI, XVIII, and XIX of the Social
                  Security Act to lower prescription drug prices and strengthen safe-
                  guards related to prescription drugs, and for other purposes, re-
                  ports favorably thereon that the bill as modified by the Committee
                  do pass.


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