HR5924-118

In Committee

To amend title XVIII of the Social Security Act with respect to the timing of changes to the annual out-of-pocket threshold for the Medicare prescription drug benefit, and to amend title XI of such Act with respect to the timing of the Medicare drug price negotiation program.

118th Congress Introduced Oct 11, 2023

Analysis under review: This bill has generated analysis that may be too generic or incomplete. Clause-level evidence remains available below.

Summary

What This Bill Does

This bill, To amend title XVIII of the Social Security Act with respect to the timing of changes to the annual out-of-pocket threshold for the Medicare prescription drug benefit, and to amend title XI of such Act with respect to the timing of the Medicare drug price negotiation program., changes federal law or congressional policy affecting health care providers and patients. The main policy domain is Healthcare, Immigration, Social Welfare.

Who Benefits and How

health care providers and patients may benefit from new authority, funding, eligibility, regulatory clarity, or reduced risk created by the bill.

Who Bears the Burden and How

federal implementing agencies, health care providers and patients may take on implementation duties, reporting obligations, compliance costs, or oversight responsibilities.

Key Provisions

  • Section H0D2F217E5F434FCF8471F45FF4B90F59: 1. Short title This Act may be cited as the Lower Drug Costs Today Act.
  • Section H728551DD6FAB41A5BA2FFE7811770AA4: 2. Timing of changes to annual out-of-pocket threshold for Medicare prescription drug benefit Section 1860D–2(b)(4)(B)(i) of the Social Security Act (42 U.S.C....
  • Section H7F9C3FC3839545DEB4D7631422590F21: 3. Timing of Medicare drug price negotiation program Part E of title XI of the Social Security Act (42 U.S.C. 1320f et seq.) is amended— in section 1191— in...

Evidence Chain:

This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers.

At a Glance

What This Bill Does

This bill, To amend title XVIII of the Social Security Act with respect to the timing of changes to the annual out-of-pocket threshold for the Medicare prescription drug benefit, and to amend title XI of such Act with respect to the timing of the Medicare drug price negotiation program., changes federal law or congressional policy affecting health care providers and patients.

Key Policy Areas

Healthcare, Immigration, Social Welfare

Primary Purpose

This bill, To amend title XVIII of the Social Security Act with respect to the timing of changes to the annual out-of-pocket threshold for the Medicare prescription drug benefit, and to amend title XI of such Act with respect to the timing of the Medicare drug price negotiation program., changes federal law or congressional policy affecting health care providers and patients.

Policy Domains

Healthcare Immigration Social Welfare

Whole bill

Identified Gains
Contextual inference, no direct clause citation
  • health care providers and patients
Model: codex-gpt-5 | Version: bill_summary_v2 | Source: ih

Contextual inference, no direct clause citation

Identified Costs
Contextual inference, no direct clause citation
  • federal implementing agencies
  • health care providers and patients
Model: codex-gpt-5 | Version: bill_summary_v2 | Source: ih

Contextual inference, no direct clause citation

Legislative Progress

In Committee
Introduced Committee Passed
Oct 25, 2023

Referred to the Committee on Energy and Commerce, and in …

Oct 11, 2023

Mr. Magaziner introduced the following bill

Bill Structure & Actor Mappings

Who is "The Secretary" in each section?

Domains
Healthcare Immigration Social Welfare
Actor Mappings
"federal_implementing_agencies"
→ Federal agencies assigned duties by the bill

We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.

Learn more about our methodology