Rep. Kind Introduces Legislation to Provide More Transparency on the Cost of Prescription Drugs for Seniors
Washington, DC—Today, as part of his Drug Pricing Action Plan, Rep. Ron Kind introduced the Better Transparency in Information for Medicare Beneficiaries Act of 2019. This legislation will increase transparency by providing notice to seniors when less expensive Medicare prescription drug plans are available to them.
“Almost everywhere I go in Wisconsin, folks share their concerns about the skyrocketing costs of prescription drugs,” said Rep. Ron Kind. “Too often, they are being forced to choose between paying for food and rent or the prescription drugs they need to survive, which is why lowering the cost of prescription drugs is a top priority of mine. This legislation will help ensure seniors are able to find a prescription drug plan they can afford.”
The Better Transparency in Information for Medicare Beneficiaries Act of 2019 was introduced by Rep. Kind, along with his colleagues Reps. Sharice Davids and G.K. Butterfield. The bill would require the Secretary of Health and Human Services (HHS) to send all Medicare Low-Income Subsidy (LIS) enrollees with a premium liability more information about less expensive plan options. The LIS program, also known as Extra Help, provides premium assistance for low-income seniors to help pay for the cost of their prescription drug plans. Currently, some seniors may not be aware that less expensive prescription drug plan options are available to them.
This summer, Rep. Kind unveiled his Drug Pricing Action Plan made up of bipartisan solutions aimed at lowering costs for Wisconsinites by:
- Lowering out-of-pocket costs for patients
- Allowing Medicare to negotiate drug prices
- Promoting price transparency & accountability
- Stopping patent abuse