S.Amdt. 4701

SA 4701 is an amendment proposed by Mr. Welch and other members to be added to bill S. 1383.

The purpose of this amendment is to address the treatment of orphan drugs under the Medicare drug price negotiation program. It aims to change the Social Security Act by updating specific paragraphs and subparagraphs.

Specifically, for drugs designated for one or more rare diseases or conditions where the only approved indication is for such rare diseases or conditions, the amendment substitutes $400,000,000 for $200,000,000.

These changes apply to initial price applicability years starting on or after January 1, 2028.