Who sponsored HB 1065?

HB 1065 was sponsored by David Ray (R), Rep.

Lowers Prescription Drug Prices

IntroducedN/A

Failed1 year ago

Intro

House

Senate

Pres

Died in House Committee at Sine Die adjournment.

Why This Matters

This bill aims to reduce the cost of prescription drugs for Medicare recipients and improve access to healthcare services.

If you are a Medicare recipient, your out-of-pocket prescription drug costs will be capped at $2,000 starting in 2025.

Who this affects

Medicare beneficiaries · Individuals with prescriptions

What changes is this bill making?

1This bill allows Medicare to negotiate lower prices for certain prescription drugs.
2It caps out-of-pocket costs for Medicare beneficiaries at $2,000 per year.
3The legislation expands coverage for vaccines and other preventive services.
4It introduces penalties for drug companies that raise prices faster than inflation.

Read the detailed summary

To Create The Inflation Reduction Act Of 2025.

Last changed 5 months ago · checked hourly