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New bill to create Medicare-run Part D plan

October 25, 2007

The Medicare Prescription Drug Savings and Choice Act would create a Medicare-administered Part D prescription drug plan and also would mandate prompt pay from Part D plans to pharmacists.

Legislation has been introduced in both the House and the Senate that would give CMS the power to create a Medicare-administered Part D prescription drug plan. The Medicare Prescription Drug Savings and Choice Act also contains prompt-pay provisions that would force PBMs to pay pharmacies within 30 days. According to Marion Berry (D, Ark.), one of the bill's sponsors and a member of the