Today, Congressman Bill Cassidy, M.D. (R-LA) proposed the Accessing Medicare Therapies Act. This legislation would help low and middle-income senior citizens on Medicare Part D pay for expensive prescription drugs by using public-private partnerships.
"Senior citizens with chronic diseases and modest incomes often face punishing prescription drug costs," said Congressman Cassidy. "They are caught between exceeding the maximum income limit for drug subsides and having the income necessary to pay for their drugs. This bill would encourage drug manufacturers to donate those drugs through Medicare to help these individuals. This is an effective way to help struggling seniors while not adding to our national debt."
The bill would encourage manufacturers to donate prescription drugs through a pre-existing tax credit that is already used for cash donations to help Medicare Part D beneficiaries. The drugs would be distributed and provided to seniors by non-profit patient assistance programs approved by the Centers for Medicare and Medicaid Services. Seniors on Medicare Part D who are at 135% to 400% of the federal poverty level (approximately $14,850.00 to $44,000.00) would be eligible to receive these drugs.