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“Prescription Drug and Health Improvement Act of 2016”

Amends part D of title XVIII of the Social Security Act requiring DHHS to negotiate with pharmaceutical manufacturers the prices, including discounts, rebates, and other price concessions for drugs for part D eligible individuals for plan years beginning on January 1, 2018.

Biannual reports to Congress starting 3 years after the date of the enactment of this Act on achievement, data on spending, and a list of the covered drugs with no therapeutic substitute and data on spending. The report shall be published on the Centers for Medicare & Medicaid Services Internet website




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