1. Short title This Act may be cited as the Lower Drug Costs Today Act . 2. Timing of changes to annual out-of-pocket threshold for Medicare prescription drug benefit (a) In general Section 1860D–2(b)(4)(B)(i) of the Social Security Act ( 42 U.S.C. 1395w–102(b)(4)(B)(i) ) is amended— (1) in subclause (VI), by striking 2024 and inserting 2023 ; and (2) in subclause (VII), by striking 2025 and inserting 2024 . (b) Conforming amendments (1) Section 1860D–2 of the Social Security Act ( 42 U.S.C. 1395w–102 ) is amended— (A) in subsection (a)(2)(A)(i)(I), by striking 2025 and inserting 2024 ; (B) in subsection (b)— (i) in paragraph (2)— (I) in subparagraph (A), by striking 2025 each place it appears and inserting 2024 ; (II) in subparagraph (C)— (aa) in clause (i), by striking 2025 and inserting 2024 ; and (bb) in clause (ii)(III), by striking 2024 and inserting 2023 ; (III) in subparagraph (D)— (aa) in clause (i)— (AA) in the matter preceding subclause (I), by striking 2025 and inserting 2024 ; and (BB) in subclause (I)(bb), by striking 2024 and inserting 2023 ; and (bb) in clause (ii)(V), by striking 2024 and inserting 2023 ; and (IV) in subparagraph (E)(i), by striking 2025 and inserting 2024 ; (ii) in paragraph (3)(A)— (I) in the matter preceding clause (i), by striking 2025 and inserting 2024 ; and (II) in clause (ii), by striking 2024 and inserting 2023 ; and (iii) in paragraph (4)— (I) in subparagraph (C)— (aa) in clause (i), by striking 2025 and inserting 2024 ; and (bb) in clause (iii)(II), by striking 2025 and inserting 2024 ; and (II) in subparagraph (E), by striking 2024 and inserting 2023 ; (C) in subsection (c)(1)(C)— (i) in the matter preceding clause (i), by striking 2025 each place it appears and inserting 2024 ; and (ii) in clause (i), by striking 2025 each place it appears and inserting 2024