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H.R. 2340: Advancing Enrollment and Reducing Drug Costs Act

This legislation, known as the Advancing Enrollment and Reducing Drug Costs Act, aims to make changes to the Medicare program as it relates to certain Medicaid beneficiaries. The main points of the bill are as follows:

Automatic Qualification for Subsidies

The bill proposes to automatically qualify certain individuals who receive Medicaid benefits for premium and cost-sharing subsidies under Medicare Part D. Specifically:

  • It targets individuals enrolled in Medicaid who are under specific income thresholds.
  • Those who are not already eligible for other specific subsidy categories will be considered subsidy-eligible if they meet the criteria outlined in the bill.
  • This change would ensure that individuals with incomes below 200 percent of the poverty level (based on their family size) are automatically deemed eligible for financial help with their Medicare prescription drug costs.

Eligibility Criteria

Individuals who qualify under this provision must meet the following conditions:

  • They must be receiving medical assistance through a state Medicaid plan as of the day before they turn 65.
  • They must fall below the specified income level (200 percent of the poverty line).

Implementation Timeline

The provisions of the bill are set to go into effect for plan years starting on or after January 1, 2027. This gives stakeholders time to adjust to the new requirements.

Purpose of the Legislation

The overall goal of this bill is to reduce the financial burden on qualifying low-income individuals who rely on both Medicaid and Medicare for their healthcare needs, particularly focusing on prescription drug costs. By streamlining the subsidy qualification process, the legislation seeks to improve access to affordable medications for vulnerable populations.

Relevant Companies

  • UNH: UnitedHealth Group may see a change in their enrollment numbers as more individuals automatically qualify for Medicare Part D subsidies, potentially impacting their business strategies and services offered under these programs.
  • CVS: CVS Health, which also operates within the pharmacy benefits and retail pharmacy space, may be affected by changes in prescription drug purchasing patterns as a result of increased subsidies and access for qualifying individuals.

This is an AI-generated summary of the bill text. There may be mistakes.

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Sponsors

2 bill sponsors

Actions

2 actions

Date Action
Mar. 25, 2025 Introduced in House
Mar. 25, 2025 Referred to the Committee on Energy and Commerce, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

Corporate Lobbying

0 companies lobbying

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* Note that there can be significant delays in lobbying disclosures, and our data may be incomplete.

Potentially Relevant Congressional Stock Trades

Estimated excess return of the underlying stock since the transaction
Politician Stock Transaction Filed Traded
Congress pfp
Jefferson Shreve R / House
UNH logo
UNH UNITEDHEALTH GROUP INCORPORATED COMMON STOCK
Purchase $15,001 - $50,000
Apr 11, 2025 Mar 31, 2025 -18.88%
Congress pfp
Gilbert Ray Cisneros, Jr. D / House
UNH logo
UNH UNITEDHEALTH GROUP INCORPORATED COMMON STOCK
Purchase $15,001 - $50,000
Apr 07, 2025 Mar 31, 2025 -18.88%
Congress pfp
Greg Landsman D / House
UNH logo
UNH UNITEDHEALTH GROUP INCORPORATED COMMON STOCK
Sale $15,001 - $50,000
Apr 08, 2025 Mar 27, 2025 -16.29%
Congress pfp
Bruce Westerman R / House
UNH logo
UNH UNITEDHEALTH GROUP INCORPORATED COMMON STOCK
Purchase $1,001 - $15,000
Apr 16, 2025 Mar 03, 2025 -5.12%
Congress pfp
Gilbert Ray Cisneros, Jr. D / House
UNH logo
UNH UNITEDHEALTH GROUP INCORPORATED COMMON STOCK
Sale $15,001 - $50,000
Mar 06, 2025 Feb 26, 2025 -2.78%
Congress pfp
Robert Bresnahan R / House
UNH logo
UNH UNITEDHEALTH GROUP INCORPORATED COMMON STOCK
Sale $15,001 - $50,000
Mar 27, 2025 Feb 25, 2025 -4.12%
Congress pfp
Robert Bresnahan R / House
CVS logo
CVS CVS HEALTH CORPORATION COMMON STOCK
Purchase $1,001 - $15,000
Mar 27, 2025 Feb 25, 2025 +10.50%
Congress pfp
Jefferson Shreve R / House
UNH logo
UNH UNITEDHEALTH GROUP INCORPORATED COMMON STOCK
Sale $15,001 - $50,000
Mar 09, 2025 Feb 24, 2025 -1.98%
Congress pfp
J. French Hill R / House
CVS logo
CVS CVS HEALTH CORPORATION COMMON STOCK
Sale $15,001 - $50,000
Feb 04, 2025 Jan 31, 2025 +24.67%
Congress pfp
Gilbert Ray Cisneros, Jr. D / House
CVS logo
CVS CVS HEALTH CORPORATION COMMON STOCK
Purchase $1,001 - $15,000
Feb 11, 2025 Jan 24, 2025 +29.67%
Congress pfp
Gilbert Ray Cisneros, Jr. D / House
UNH logo
UNH UNITEDHEALTH GROUP INCORPORATED COMMON STOCK
Purchase $15,001 - $50,000
Feb 11, 2025 Jan 24, 2025 -12.29%
Congress pfp
Julie Johnson D / House
CVS logo
CVS CVS HEALTH CORPORATION COMMON STOCK
Sale $1,001 - $15,000
Feb 12, 2025 Jan 15, 2025 +32.89%
Congress pfp
Robert Bresnahan R / House
UNH logo
UNH UNITEDHEALTH GROUP INCORPORATED COMMON STOCK
Sale $1,001 - $15,000
Feb 13, 2025 Jan 13, 2025 -17.64%
Congress pfp
Rick Larsen D / House
UNH logo
UNH UNITEDHEALTH GROUP INCORPORATED COMMON STOCK
Sale $1,001 - $15,000
Jan 14, 2025 Jan 07, 2025 -12.46%
Congress pfp
Shelley Moore Capito R / Senate
UNH logo
UNH Unitedhealth Group Inc
Sale (Partial) $1,001 - $15,000
Jan 06, 2025 Dec 20, 2024 -9.58%
Congress pfp
Michael T. McCaul R / House
UNH logo
UNH UNITEDHEALTH GROUP INC
Sale $50,001 - $100,000
Dec 16, 2024 Nov 19, 2024 -20.97%
Congress pfp
Michael T. McCaul R / House
UNH logo
UNH UNITEDHEALTH GROUP INC
Sale $50,001 - $100,000
Dec 16, 2024 Nov 19, 2024 -20.97%
Congress pfp
Thomas R. Suozzi D / House
CVS logo
CVS CVS HEALTH CORPORATION COMMON STOCK
Sale $1,001 - $15,000
Nov 12, 2024 Oct 24, 2024 +21.85%
Congress pfp
John James R / House
UNH logo
UNH UNITEDHEALTH GROUP INCORPORATED COMMON STOCK
Sale $1,001 - $15,000
Sep 06, 2024 Sep 04, 2024 -30.85%
Congress pfp
Tommy Tuberville R / Senate
CVS logo
CVS CVS Health Corporation Common Stock
Sale (Full) $1,001 - $15,000
Sep 13, 2024 Aug 26, 2024 +13.62%
Congress pfp
Earl Blumenauer D / House
CVS logo
CVS CVS HEALTH CORPORATION COMMON STOCK
Sale $1,001 - $15,000
Jul 06, 2024 Jun 27, 2024 +12.03%
Congress pfp
Kevin Hern R / House
UNH logo
UNH UNITEDHEALTH GROUP INCORPORATED COMMON STOCK
Purchase $1,001 - $15,000
Jul 15, 2024 Jun 25, 2024 -14.71%
Congress pfp
William R. Keating D / House
CVS logo
CVS CVS HEALTH CORPORATION COMMON STOCK
Sale $1,001 - $15,000
May 22, 2024 May 17, 2024 +9.83%
Congress pfp
Mike Kelly R / House
UNH logo
UNH UNITEDHEALTH GROUP INCORPORATED COMMON STOCK
Sale $1,001 - $15,000
Jun 14, 2024 Apr 12, 2024 -12.93%
Congress pfp
Kevin Hern R / House
UNH logo
UNH UNITEDHEALTH GROUP INCORPORATED COMMON STOCK
Purchase $1,001 - $15,000
Apr 12, 2024 Mar 19, 2024 -21.89%
Congress pfp
Jared Moskowitz D / House
UNH logo
UNH UNITEDHEALTH GROUP INCORPORATED COMMON STOCK
Purchase $1,001 - $15,000
Aug 21, 2024 Feb 13, 2024 -30.73%
Congress pfp
Jerry Moran R / Senate
CVS logo
CVS CVS Health Corporation Common Stock
Sale (Full) $1,001 - $15,000
Jan 17, 2024 Dec 14, 2023 -28.27%
Congress pfp
Jerry Moran R / Senate
CVS logo
CVS CVS Health Corporation Common Stock
Sale (Full) $1,001 - $15,000
Jan 17, 2024 Dec 14, 2023 -28.27%
Congress pfp
Kevin Hern R / House
UNH logo
UNH UNITEDHEALTH GROUP INCORPORATED COMMON STOCK
Purchase $1,001 - $15,000
Jan 13, 2024 Dec 12, 2023 -42.04%
Congress pfp
John R. Curtis R / House
UNH logo
UNH UNITEDHEALTH GROUP INCORPORATED COMMON STOCK
Sale $1,001 - $15,000
Dec 15, 2023 Dec 04, 2023 -44.34%
Congress pfp
John James R / House
UNH logo
UNH UNITEDHEALTH GROUP INCORPORATED COMMON STOCK
Purchase $1,001 - $15,000
Sep 02, 2024 Nov 10, 2023 -47.75%
Congress pfp
Greg Stanton D / House
UNH logo
UNH UNITEDHEALTH GROUP INCORPORATED COMMON STOCK
Sale $1,001 - $15,000
Nov 09, 2023 Oct 24, 2023 -50.39%
Congress pfp
Markwayne Mullin R / Senate
UNH logo
UNH Unitedhealth Group Inc
Purchase $1,001 - $15,000
Nov 01, 2023 Oct 03, 2023 -48.59%
Congress pfp
Robert J. Wittman R / House
UNH logo
UNH UNITEDHEALTH GROUP INCORPORATED COMMON STOCK
Sale $1,001 - $15,000
Oct 19, 2023 Sep 28, 2023 -46.63%
Congress pfp
Greg Stanton D / House
UNH logo
UNH UNITEDHEALTH GROUP INCORPORATED COMMON STOCK
Purchase $1,001 - $15,000
Nov 09, 2023 Sep 26, 2023 -46.18%
Congress pfp
Shelley Moore Capito R / Senate
UNH logo
UNH Unitedhealth Group Inc
Purchase $1,001 - $15,000
Oct 14, 2023 Sep 22, 2023 -44.93%
Congress pfp
Pete Ricketts R / Senate
UNH logo
UNH UnitedHealth Group Incorporated Common Stock (DE)
Sale (Full) $100,001 - $250,000
Oct 20, 2023 Sep 21, 2023 -43.81%
Congress pfp
Pete Ricketts R / Senate
CVS logo
CVS CVS Health Corporation Common Stock
Sale (Full) $50,001 - $100,000
Oct 20, 2023 Sep 21, 2023 -35.53%
Congress pfp
Kevin Hern R / House
UNH logo
UNH UNITEDHEALTH GROUP INCORPORATED COMMON STOCK
Purchase $1,001 - $15,000
Oct 13, 2023 Sep 19, 2023 -37.07%
Congress pfp
Markwayne Mullin R / Senate
UNH logo
UNH Unitedhealth Group Inc
Purchase $15,001 - $50,000
Oct 12, 2023 Sep 13, 2023 -36.33%
Congress pfp
Scott Franklin R / House
UNH logo
UNH UNITEDHEALTH GROUP INCORPORATED COMMON STOCK
Sale $15,001 - $50,000
Oct 12, 2023 Sep 11, 2023 -35.74%
Congress pfp
Dan Sullivan R / Senate
CVS logo
CVS CVS Corp
Sale (Full) $1,001 - $15,000
Sep 18, 2023 Aug 22, 2023 -27.52%
Congress pfp
Jared Moskowitz D / House
UNH logo
UNH UNITEDHEALTH GROUP INCORPORATED COMMON STOCK
Purchase $1,001 - $15,000
Aug 21, 2024 Jul 14, 2023 -35.67%
Congress pfp
Daniel S. Goldman D / House
UNH logo
UNH UNITEDHEALTH GROUP INCORPORATED COMMON STOCK
Sale $15,001 - $50,000
Aug 13, 2023 Jul 12, 2023 -31.15%
Congress pfp
Kevin Hern R / House
UNH logo
UNH UNITEDHEALTH GROUP INCORPORATED COMMON STOCK
Purchase $1,001 - $15,000
Jul 12, 2023 Jun 27, 2023 -39.25%
Congress pfp
Dwight Evans D / House
CVS logo
CVS CVS HEALTH CORPORATION
Purchase $1,001 - $15,000
Jul 05, 2023 Jun 22, 2023 -30.82%
Congress pfp
John R. Curtis R / House
UNH logo
UNH UNITEDHEALTH GROUP INCORPORATED COMMON STOCK
Purchase $1,001 - $15,000
Aug 07, 2023 Jun 21, 2023 -38.58%
Congress pfp
William R. Keating D / House
CVS logo
CVS CVS HEALTH CORPORATION
Sale $1,001 - $15,000
Jun 15, 2023 Jun 08, 2023 -36.49%
Congress pfp
Zoe Lofgren D / House
CVS logo
CVS CVS HEALTH CORPORATION
Sale $1,001 - $15,000
Jun 06, 2023 May 26, 2023 -33.78%
Congress pfp
Zoe Lofgren D / House
UNH logo
UNH UNITEDHEALTH GROUP INCORPORATED COMMON STOCK
Sale $1,001 - $15,000
Jun 06, 2023 May 25, 2023 -45.40%