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S. 2019, Preserve Access to Affordable Generics Act 1 (October 20, 2015)

handle is hein.congrec/cbo2607 and id is 1 raw text is: CBO Preliminary Estimate for S. 2019, the Preserve Access to Affordable Generics Act, as Introduced 10-20-2015 By Fiscal Year, in Millions of Dollars 2016- 2016- 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2020 2025 Changes in On-Budget Direct Spending -21 -180 -347 -295 -222 -231 -278 -286 -286 -291 -1,066 -2,438 Changes in Revenues On-Budget 0 24 56 46 34 34 37 40 41 43 160 356 Off-Budget 0 9 20 16 12 12 13 14 15 15 57 126 Net Decrease in the Deficit from Changes in Direct Spending and Revenuesb On-Budget -21 -204 -403 -341 -257 -265 -315 -326 -327 -334 -1,226 -2,794 Unified Budget -21 -213 -424 -359 -269 -278 -329 -341 -343 -351 -1,287 -2,928 Source: Congressional Budget Office. Note: Numbers may not add to totals because of rounding. a. For this estimate, budget authority equals outlays. b. CBO estimates that enacting the legislation would reduce off-budget spending by the U.S. Postal Service, on net, by $8 million over the 2016-2025 period. S. 2019 would impose significant restrictions on certain agreements to settle a claim of patent infringement between drug manufacturers relating to the sale of a drug product. The legislation would restrict certain kinds of compensation flowing from the manufacturer of a brand-name drug to the manufacturer of the generic version of the drug. CBO believes that under current law there is an incentive for brand manufacturers to compensate generic manufacturers for delaying the availablity of the generic drug within such agreements. CBO estimates that enacting S. 2019 would accelerate, on average, the availability of lower-priced generic drugs affected by such agreements and generate savings to public and private purchasers of prescription drugs. Those lower prices would reduce spending in public programs that purchase prescription drugs and would also lower medical costs for people with private health insurance coverage. Because the federal government subsidizes the purchase of health insurance, those effects will reduce direct spending and increase revenues.

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