Establishes a temporary premium credit for Medicare Part D enrollees in 2027.
The bill mandates the Secretary of Health and Human Services to create a temporary premium credit for enrollees in Medicare Part D prescription drug plans for the year 2027. This credit will be calculated based on the average premium reduction applicable to enrollees in participating PDPs. The Secretary will notify PDP sponsors of the credit amount, which will be subtracted from the enrollees' premiums. The credit amount will be paid by the Secretary to the appropriate PDP sponsor.
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