,,ii #aacth ,,congress #ast ,session ,s4 #gg ,,in ,,the ,,senate ,,of ,,the ,,united ,,states ,january #bc 7legislative day1 ,january #c71 #bjac ,mr4 ,franken 7for himself and ,ms4 ,klobuchar7 introduced the following bill2 which was read twice and referred to the ,committee on ,finance ,a ,,bill ,to amend part ,d of title ,,xviii of the ,social ,security ,act to authorize the ,secretary of ,health and ,human ,services to negotiate for lower prices for ,medicare prescription drugs4 #a4 ,short title ,this ,act may be cited as the ,prescription ,drug and ,health ,improvement ,act of #bjac4 #b4 ,negotiating fair prices for medicare prescription drugs 7a7 ,negotiating fair prices 7#a7 ,in general ,section #ahfj;,d-#aa of the ,social ,security ,act 7#db ,u4,s4,c4 #aciew-#aaa7 is amended by striking subsection 7i7 7relating to noninterference7 and by inserting the following3 7i7 ,authority ,to negotiate prices with manufacturers ,in order to ensure that beneficiaries enrolled under prescription drug plans and ,,ma-,,pd plans pay the lowest possible price1 the ,secretary shall have authority similar to that of other ,federal entities that purchase prescription drugs in bulk to negotiate contracts with manufacturers of covered part ,d drugs1 consistent with the requirements and in furtherance of the goals of providing quality care and containing costs under this part4 4 7#b7 ,effective date ,the amendment made by paragraph 7#a7 shall take effect on the date of the enactment of this ,act4 7b7 ,biannual reports to ,congress ,not later than #a year after the date of the enactment of this ,act1 and every #f months thereafter1 the ,secretary of ,health and ,human ,services shall submit to ,congress a report on the negotiations conducted by the ,secretary under section #ahfj;,d-#aa7;i7 of the ,social ,security ,act 7#db ,u4,s4,c4 #aciew-#aaa7;i771 as amended by subsection 7a71 including a description of how such negotiations are achieving lower prices for covered part ,d drugs 7as defined in section #ahfj;,d-#b7;e7 of the ,social ,security ,act 7#db ,u4,s4,c4 #aciew-#ajb7;e777 for ,medicare beneficiaries4