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S. 2756: Affordable Inhalers and Nebulizers Act of 2025

The Affordable Inhalers and Nebulizers Act of 2025 aims to reduce the out-of-pocket costs associated with inhaler products used by patients suffering from breathing disorders, including asthma and chronic obstructive pulmonary disease (COPD). The key aspects of the bill include provisions related to insurance coverage, cost-sharing limits, and a payment program for uninsured individuals.

1. Coverage Requirements

The bill mandates that group health plans and health insurance issuers provide benefits for specified inhaler products, including maintenance and rescue inhalers and related equipment used for administering these medications. The coverage must meet the following criteria:- **No Deductibles:** Insurance plans cannot impose a deductible on the specified inhaler products.- **Cost-Sharing Limit:** The cost-sharing requirement cannot exceed $15 for a 30-day supply of these products.

2. Counting Costs Towards Deductibles and Out-of-Pocket Maximums

Any out-of-pocket costs incurred by patients under the mandated cost-sharing provisions must count towards the overall deductible and out-of-pocket maximums for the insurance plan, ensuring that patients' payments do not exceed regulatory limits.

3. Definition of Specified Inhaler Products

The bill defines "specified inhaler products" to include a wide range of inhalation drugs such as:- Inhalation aerosols- Metered dose inhalers- Dry powder inhalers- Inhalation solutions- Bronchodilators- CorticosteroidsIt also covers necessary equipment for administration, such as nebulizers and spacers.

4. Medicare Adjustments

The bill modifies Medicare coverage as follows:- **Part B:** For specified inhaler products provided on or after January 1, 2026, Medicare will pay 100% of the costs, minus the $15 copayment.- **Part D:** Similar stipulations apply, including no deductible for specified inhaler products and a maximum copayment of $15.

5. Payment Program for Uninsured Individuals

To support uninsured individuals, the bill establishes a payment program where providers can submit claims for specified inhaler products. The Secretary of Health and Human Services will reimburse these providers, ensuring that uninsured patients do not have to pay more than $15 for a month’s supply of inhaler products.

6. Effective Date

The provisions of the bill are set to take effect for plan years beginning on or after January 1, 2026.

Relevant Companies

  • PFE (Pfizer Inc.): As a manufacturer of respiratory medications, Pfizer could see changes in demand and purchasing behavior for their inhaler products.
  • NVS (Novartis AG): Similar to Pfizer, Novartis may experience impacts on its inhaler product offerings due to changes in patient affordability and insurance coverage.
  • GSK (GlaxoSmithKline): This company produces a number of inhalation treatments and could be affected by the bill's provisions regarding cost-sharing and accessibility.
  • BIOX (Bioxiness Inc.): A smaller player in the inhaler market, any changes in the legislative landscape could either present opportunities or challenges in their market strategy.

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
Sep. 10, 2025 Introduced in Senate
Sep. 10, 2025 Read twice and referred to the Committee on Finance.

Corporate Lobbying

0 companies lobbying

None found.

* 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
Lisa C. McClain R / House
NVS logo
NVS NOVARTIS AG COMMON STOCK
Sale $1,001 - $15,000
Oct 22, 2025 Sep 25, 2025 -4.53%
Congress pfp
Val T. Hoyle D / House
GSK logo
GSK GSK PLC AMERICAN DEPOSITARY SHARES
Sale $1,001 - $15,000
Oct 10, 2025 Sep 23, 2025 +10.01%
Congress pfp
Ro Khanna D / House
PFE logo
PFE PFIZER INC. CMN
Sale $1,001 - $15,000
Oct 03, 2025 Sep 15, 2025 -2.67%
Congress pfp
Ro Khanna D / House
PFE logo
PFE PFIZER INC. CMN
Sale $1,001 - $15,000
Oct 03, 2025 Sep 15, 2025 -2.67%
Congress pfp
Ro Khanna D / House
PFE logo
PFE PFIZER INC. CMN
Sale $1,001 - $15,000
Oct 03, 2025 Sep 15, 2025 -2.67%
Congress pfp
Lisa C. McClain R / House
NVS logo
NVS NOVARTIS AG COMMON STOCK
Purchase $1,001 - $15,000
Oct 22, 2025 Sep 11, 2025 -9.15%
Congress pfp
Ro Khanna D / House
PFE logo
PFE PFIZER INC. CMN
Sale $1,001 - $15,000
Oct 03, 2025 Sep 05, 2025 -8.59%
Congress pfp
Gilbert Ray Cisneros, Jr. D / House
PFE logo
PFE PFIZER, INC. COMMON STOCK
Sale $1,001 - $15,000
Sep 12, 2025 Aug 05, 2025 -11.32%
Congress pfp
Ro Khanna D / House
PFE logo
PFE PFIZER INC. CMN
Purchase $1,001 - $15,000
Sep 09, 2025 Aug 04, 2025 -5.70%
Congress pfp
Ro Khanna D / House
PFE logo
PFE PFIZER INC. CMN
Purchase $1,001 - $15,000
Sep 09, 2025 Aug 04, 2025 -5.70%
Congress pfp
Lisa C. McClain R / House
PFE logo
PFE PFIZER, INC. COMMON STOCK
Sale $1,001 - $15,000
Sep 12, 2025 Aug 04, 2025 -5.70%
Congress pfp
Lisa C. McClain R / House
GSK logo
GSK GSK PLC AMERICAN DEPOSITARY SHARES
Purchase $1,001 - $15,000
Sep 12, 2025 Aug 04, 2025 +12.96%
Congress pfp
Robert B. Aderholt R / House
GSK logo
GSK GSK PLC AMERICAN DEPOSITARY SHARES
Sale $1,001 - $15,000
Sep 10, 2025 Jul 28, 2025 +14.70%
Congress pfp
Lisa C. McClain R / House
NVS logo
NVS NOVARTIS AG COMMON STOCK
Sale $1,001 - $15,000
Aug 13, 2025 Jul 22, 2025 -5.09%
Congress pfp
Lisa C. McClain R / House
PFE logo
PFE PFIZER, INC. COMMON STOCK
Purchase $1,001 - $15,000
Aug 13, 2025 Jul 16, 2025 -11.45%
Congress pfp
Ro Khanna D / House
PFE logo
PFE PFIZER INC. CMN
Purchase $1,001 - $15,000
Aug 07, 2025 Jul 01, 2025 -14.30%
Congress pfp
Lisa C. McClain R / House
GSK logo
GSK GSK PLC AMERICAN DEPOSITARY SHARES
Sale $1,001 - $15,000
Aug 13, 2025 Jun 24, 2025 +5.78%
Congress pfp
Ro Khanna D / House
PFE logo
PFE PFIZER INC
Purchase $1,001 - $15,000
Jul 09, 2025 Jun 20, 2025 -14.04%
Congress pfp
Ro Khanna D / House
PFE logo
PFE PFIZER INC
Purchase $1,001 - $15,000
Jul 09, 2025 Jun 20, 2025 -14.04%
Congress pfp
Lisa C. McClain R / House
GSK logo
GSK GSK PLC AMERICAN DEPOSITARY SHARES
Purchase $1,001 - $15,000
Aug 13, 2025 Jun 17, 2025 +0.60%
Congress pfp
Lisa C. McClain R / House
NVS logo
NVS NOVARTIS AG COMMON STOCK
Purchase $1,001 - $15,000
Aug 13, 2025 Jun 17, 2025 -10.41%
Congress pfp
Lisa C. McClain R / House
NVS logo
NVS NOVARTIS AG COMMON STOCK
Purchase $1,001 - $15,000
Aug 13, 2025 Jun 11, 2025 -11.15%
Congress pfp
Lisa C. McClain R / House
NVS logo
NVS NOVARTIS AG COMMON STOCK
Sale $1,001 - $15,000
Aug 13, 2025 Jun 10, 2025 -11.27%
Congress pfp
Lisa C. McClain R / House
NVS logo
NVS NOVARTIS AG COMMON STOCK
Purchase $1,001 - $15,000
Aug 13, 2025 Jun 09, 2025 -11.44%
Congress pfp
Ron Wyden D / Senate
PFE logo
PFE Pfizer, Inc. Common Stock
Sale (Full) $1,001 - $15,000
Jul 02, 2025 Jun 03, 2025 -11.29%
Congress pfp
Josh Gottheimer D / House
PFE logo
PFE PFIZER, INC. COMMON STOCK
Sale $1,001 - $15,000
Jul 16, 2025 Jun 03, 2025 -11.29%
Congress pfp
Gilbert Ray Cisneros, Jr. D / House
PFE logo
PFE PFIZER, INC. COMMON STOCK
Purchase $1,001 - $15,000
Jun 06, 2025 May 30, 2025 -13.24%
Congress pfp
Ro Khanna D / House
PFE logo
PFE PFIZER INC. CMN
Purchase $1,001 - $15,000
Jun 10, 2025 May 28, 2025 -12.19%
Congress pfp
Ro Khanna D / House
PFE logo
PFE PFIZER INC. CMN
Purchase $15,001 - $50,000
Jun 10, 2025 May 19, 2025 -9.96%
Congress pfp
Robert Bresnahan R / House
PFE logo
PFE PFIZER, INC. COMMON STOCK
Purchase $15,001 - $50,000
May 31, 2025 May 15, 2025 -8.95%
Congress pfp
Gilbert Ray Cisneros, Jr. D / House
PFE logo
PFE PFIZER, INC. COMMON STOCK
Purchase $1,001 - $15,000
May 06, 2025 Apr 29, 2025 -21.93%
Congress pfp
Bruce Westerman R / House
GSK logo
GSK GSK PLC AMERICAN DEPOSITARY SHARES
Sale $1,001 - $15,000
May 12, 2025 Apr 21, 2025 -7.77%
Congress pfp
Bruce Westerman R / House
PFE logo
PFE PFIZER, INC. COMMON STOCK
Sale $1,001 - $15,000
May 12, 2025 Apr 21, 2025 -23.57%
Congress pfp
Ro Khanna D / House
PFE logo
PFE PFIZER INC. CMN
Sale $15,001 - $50,000
May 12, 2025 Apr 15, 2025 -19.66%
Congress pfp
Jefferson Shreve R / House
PFE logo
PFE PFIZER, INC. COMMON STOCK
Sale $15,001 - $50,000
May 08, 2025 Apr 11, 2025 -17.96%
Congress pfp
Ro Khanna D / House
PFE logo
PFE PFIZER INC. CMN
Sale $15,001 - $50,000
May 12, 2025 Apr 09, 2025 -18.61%
Congress pfp
Robert Bresnahan R / House
PFE logo
PFE PFIZER, INC. COMMON STOCK
Sale $15,001 - $50,000
Apr 28, 2025 Apr 08, 2025 -27.14%
Congress pfp
Gilbert Ray Cisneros, Jr. D / House
PFE logo
PFE PFIZER, INC. COMMON STOCK
Sale $15,001 - $50,000
Apr 07, 2025 Mar 31, 2025 -27.11%
Congress pfp
George Whitesides D / House
NVS logo
NVS STOCK, COMPANY-SPECIFIC HOLDINGS INTO PASSIVE ETFS AND MUTUAL FUNDS, PER BEST PRACTICES. C�������: TO AVOID ANY POSSIBLE CONFLICTS OF INTEREST WITH MY FUTURE CONGRESSIONAL WORK, I’M TRANSITIONING MY SINGLE STOCK, COMPANY-SPECIFIC HOLDINGS INTO PASSIVE ETFS AND MUTUAL FUNDS, PER BEST PRACTICES. NOVARTIS AG COMMON STOCK
Sale $100,001 - $250,000
Apr 23, 2025 Mar 24, 2025 -9.73%
Congress pfp
Carol D. Miller R / House
PFE logo
PFE PFIZER, INC. COMMON STOCK
Sale $1,001 - $15,000
Apr 11, 2025 Mar 10, 2025 -31.41%
Congress pfp
Bruce Westerman R / House
GSK logo
GSK GSK PLC AMERICAN DEPOSITARY SHARES
Purchase $1,001 - $15,000
Apr 16, 2025 Mar 03, 2025 +3.33%
Congress pfp
Bruce Westerman R / House
PFE logo
PFE PFIZER, INC. COMMON STOCK
Purchase $1,001 - $15,000
Apr 16, 2025 Mar 03, 2025 -25.17%
Congress pfp
Gilbert Ray Cisneros, Jr. D / House
PFE logo
PFE PFIZER, INC. COMMON STOCK
Purchase $1,001 - $15,000
Mar 06, 2025 Feb 26, 2025 -23.65%
Congress pfp
Robert Bresnahan R / House
PFE logo
PFE PFIZER, INC. COMMON STOCK
Purchase $15,001 - $50,000
Mar 27, 2025 Feb 25, 2025 -24.82%
Congress pfp
Jefferson Shreve R / House
PFE logo
PFE PFIZER, INC. COMMON STOCK
Purchase $15,001 - $50,000
Mar 09, 2025 Feb 24, 2025 -23.94%
Congress pfp
John Boozman R / Senate
PFE logo
PFE Pfizer Inc
Sale (Full) $1,001 - $15,000
Mar 06, 2025 Feb 13, 2025 -17.98%
Congress pfp
Julie Johnson D / House
PFE logo
PFE PFIZER, INC. COMMON STOCK
Sale $1,001 - $15,000
Mar 12, 2025 Feb 12, 2025 -18.54%
Congress pfp
Gilbert Ray Cisneros, Jr. D / House
PFE logo
PFE PFIZER, INC. COMMON STOCK
Sale $1,001 - $15,000
Feb 11, 2025 Jan 24, 2025 -19.95%
Congress pfp
Ro Khanna D / House
PFE logo
PFE PFIZER INC. CMN
Purchase $1,001 - $15,000
Feb 06, 2025 Jan 22, 2025 -19.94%
Congress pfp
Ro Khanna D / House
PFE logo
PFE PFIZER INC. CMN
Purchase $1,001 - $15,000
Feb 06, 2025 Jan 17, 2025 -22.66%
Congress pfp
Julie Johnson D / House
PFE logo
PFE PFIZER, INC. COMMON STOCK
Sale $1,001 - $15,000
Feb 12, 2025 Jan 15, 2025 -23.30%
Congress pfp
Marjorie Taylor Greene R / House
GSK logo
GSK GSK PLC AMERICAN DEPOSITARY SHARES
Purchase $1,001 - $15,000
Nov 27, 2024 Nov 25, 2024 +19.43%
Congress pfp
Val T. Hoyle D / House
GSK logo
GSK GSK PLC AMERICAN DEPOSITARY SHARES
Purchase $1,001 - $15,000
Sep 12, 2025 Nov 18, 2024 +19.46%
Congress pfp
Ro Khanna D / House
PFE logo
PFE PFIZER INC. CMN
Sale $15,001 - $50,000
Dec 05, 2024 Nov 15, 2024 -19.41%
Congress pfp
Ro Khanna D / House
PFE logo
PFE PFIZER INC. CMN
Purchase $1,001 - $15,000
Dec 05, 2024 Nov 13, 2024 -24.20%
Congress pfp
Ro Khanna D / House
PFE logo
PFE PFIZER INC. CMN
Purchase $1,001 - $15,000
Dec 05, 2024 Nov 13, 2024 -24.20%
Congress pfp
Laurel M. Lee R / House
PFE logo
PFE PFIZER, INC. COMMON STOCK
Purchase $15,001 - $50,000
Nov 21, 2024 Oct 21, 2024 -33.82%
Congress pfp
Greg Landsman D / House
PFE logo
PFE PFIZER, INC. COMMON STOCK
Sale $1,001 - $15,000
Nov 14, 2024 Oct 15, 2024 -36.06%
Congress pfp
Ro Khanna D / House
PFE logo
PFE PFIZER INC. CMN
Purchase $1,001 - $15,000
Sep 06, 2024 Aug 27, 2024 -38.17%
Congress pfp
Kathy E. Manning D / House
PFE logo
PFE PFIZER, INC. COMMON STOCK
Sale $1,001 - $15,000
Sep 04, 2024 Aug 09, 2024 -43.94%
Congress pfp
Scott Franklin R / House
PFE logo
PFE PFIZER, INC. COMMON STOCK
Sale $15,001 - $50,000
Aug 20, 2024 Aug 06, 2024 -48.83%
Congress pfp
Scott Franklin R / House
PFE logo
PFE PFIZER, INC. COMMON STOCK
Sale $1,001 - $15,000
Aug 20, 2024 Aug 01, 2024 -47.39%
Congress pfp
Ro Khanna D / House
PFE logo
PFE DC PFIZER INC. CMN
Purchase $15,001 - $50,000
Jun 05, 2024 May 29, 2024 -43.34%
Congress pfp
Tommy Tuberville R / Senate
PFE logo
PFE Pfizer, Inc. Common Stock
Sale (Full) $15,001 - $50,000
Jun 14, 2024 May 03, 2024 -47.12%
Congress pfp
Ro Khanna D / House
PFE logo
PFE EPFIZER INC. CMN
None $15,001 - $50,000
May 06, 2024 Apr 26, 2024 -39.63%
Congress pfp
Ro Khanna D / House
PFE logo
PFE PFIZER INC. CMN
Purchase $1,001 - $15,000
May 06, 2024 Apr 23, 2024 -43.66%
Congress pfp
Sheldon Whitehouse D / Senate
NVS logo
NVS Novartis Ag ADR
Sale (Partial) $1,001 - $15,000
May 20, 2024 Apr 09, 2024 -5.28%
Congress pfp
Ro Khanna D / House
PFE logo
PFE PFIZER INC. CMN
Purchase $1,001 - $15,000
Apr 05, 2024 Mar 25, 2024 -43.67%
Congress pfp
Ro Khanna D / House
PFE logo
PFE PFIZER INC. CMN
Purchase $15,001 - $50,000
Apr 05, 2024 Mar 20, 2024 -44.04%
Congress pfp
Ro Khanna D / House
NVS logo
NVS NOVARTIS AG-ADR SPONSORED ADR CMN
Exchange None
Mar 06, 2024 Mar 05, 2024 -
Congress pfp
Roger Williams R / House
PFE logo
PFE PFIZER, INC. COMMON STOCK
Sale $1,001 - $15,000
Jun 12, 2024 Mar 04, 2024 -40.39%
Congress pfp
Roger Williams R / House
PFE logo
PFE PFIZER, INC. COMMON STOCK
Sale $1,001 - $15,000
Jun 12, 2024 Mar 01, 2024 -42.70%
Congress pfp
Roger Williams R / House
PFE logo
PFE PFIZER, INC. COMMON STOCK
Purchase $1,001 - $15,000
Jun 12, 2024 Mar 01, 2024 -42.70%
Congress pfp
Tommy Tuberville R / Senate
PFE logo
PFE Pfizer, Inc. Common Stock
Purchase $1,001 - $15,000
Mar 15, 2024 Feb 27, 2024 -45.30%
Congress pfp
Ro Khanna D / House
PFE logo
PFE PRZER INC. CMN
Purchase $15,001 - $50,000
Mar 06, 2024 Feb 13, 2024 -49.14%
Congress pfp
Ro Khanna D / House
PFE logo
PFE PFIZER INC. CMN
Sale $15,001 - $50,000
Mar 06, 2024 Feb 13, 2024 -49.14%
Congress pfp
Earl Blumenauer D / House
PFE logo
PFE PFIZER, INC. COMMON STOCK
Purchase $1,001 - $15,000
Mar 02, 2024 Feb 12, 2024 -49.43%
Congress pfp
Ro Khanna D / House
PFE logo
PFE PFIZER INC. CMN
Sale $15,001 - $50,000
Feb 05, 2024 Feb 02, 2024 -48.91%
Congress pfp
Ro Khanna D / House
PFE logo
PFE PFIZER INC. CMN
Purchase $1,001 - $15,000
Feb 05, 2024 Jan 31, 2024 -52.69%
Congress pfp
Ro Khanna D / House
PFE logo
PFE PFIZER INC. CMN
Purchase $1,001 - $15,000
Feb 05, 2024 Jan 31, 2024 -52.69%
Congress pfp
Jared Moskowitz D / House
PFE logo
PFE PFIZER, INC.
Sale $1,001 - $15,000
Jan 22, 2024 Dec 28, 2023 -59.92%
Congress pfp
Jared Moskowitz D / House
PFE logo
PFE PFIZER, INC.
Sale $1,001 - $15,000
Jan 22, 2024 Dec 28, 2023 -59.92%
Congress pfp
John Boozman R / Senate
PFE logo
PFE Pfizer Inc
Purchase $1,001 - $15,000
Jan 08, 2024 Dec 20, 2023 -59.02%
Congress pfp
Shelley Moore Capito R / Senate
PFE logo
PFE Pfizer Inc
Sale (Partial) $1,001 - $15,000
Jan 12, 2024 Dec 18, 2023 -55.33%
Congress pfp
Jerry Moran R / Senate
PFE logo
PFE Pfizer, Inc. Common Stock
Sale (Full) $1,001 - $15,000
Jan 17, 2024 Dec 14, 2023 -52.74%
Congress pfp
Kathy E. Manning D / House
PFE logo
PFE PFIZER, INC.
Sale $15,001 - $50,000
Jan 12, 2024 Dec 12, 2023 -63.12%
Congress pfp
Kathy E. Manning D / House
PFE logo
PFE PFIZER, INC.
Sale $1,001 - $15,000
Jan 12, 2024 Dec 12, 2023 -63.12%
Congress pfp
Kathy E. Manning D / House
PFE logo
PFE PFIZER, INC.
Sale $1,001 - $15,000
Jan 12, 2024 Dec 12, 2023 -63.12%
Congress pfp
Sheldon Whitehouse D / Senate
PFE logo
PFE Pfizer Inc
Sale (Full) $1,001 - $15,000
Jan 18, 2024 Dec 11, 2023 -64.04%
Congress pfp
Ro Khanna D / House
PFE logo
PFE PFIZER INC. CMN
Purchase $1,001 - $15,000
Jan 04, 2024 Dec 05, 2023 -67.10%
Congress pfp
Ro Khanna D / House
PFE logo
PFE PFIZER INC. CMN
Purchase $15,001 - $50,000
Jan 04, 2024 Dec 04, 2023 -67.60%
Congress pfp
Ro Khanna D / House
PFE logo
PFE PFIZER INC. CMN
Purchase $1,001 - $15,000
Dec 06, 2023 Nov 28, 2023 -69.35%
Congress pfp
Ro Khanna D / House
PFE logo
PFE PFIZER INC. CMN
Purchase $1,001 - $15,000
Dec 06, 2023 Nov 21, 2023 -71.62%
Congress pfp
Ro Khanna D / House
PFE logo
PFE PFIZER INC. CMN
Purchase $1,001 - $15,000
Dec 06, 2023 Nov 17, 2023 -71.35%
Congress pfp
Ro Khanna D / House
PFE logo
PFE PFIZER INC. CMN
Purchase $15,001 - $50,000
Dec 06, 2023 Nov 03, 2023 -80.51%
Congress pfp
Greg Stanton D / House
PFE logo
PFE PFIZER, INC.
Sale $1,001 - $15,000
Nov 09, 2023 Oct 24, 2023 -82.55%
Congress pfp
Tommy Tuberville R / Senate
GSK logo
GSK Gsk Plc ADR
Sale (Full) $1,001 - $15,000
Nov 16, 2023 Oct 16, 2023 -32.20%