US SB3466 | 2019-2020 | 116th Congress

Status

Spectrum: Bipartisan Bill
Status: Introduced on March 12 2020 - 25% progression, died in committee
Action: 2020-03-12 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]

Summary

Temporarily eliminates cost-sharing for biosimilar biological products for certain qualifying beneficiaries under Medicare medical services. Specifically, the bill eliminates cost-sharing for beneficiaries whose coverage under private health insurance, a federal program (other than Medicare), a Medicare supplemental policy, or Medicare Advantage does not already do so. The Centers for Medicare & Medicaid Services must establish a process for determining a beneficiary's eligibility and notifying Medicare Advantage organizations of such determinations. The bill's provisions apply to products that are furnished during the five-year period beginning on January 1, 2021, or the date on which the product is first marketed, whichever is later.

Tracking Information

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Title

Acting to Cancel Copays and Ensure Substantial Savings for Biosimilars Act of 2020

Sponsors


History

DateChamberAction
2020-03-12SenateRead twice and referred to the Committee on Finance.

Same As/Similar To

HB4597 (Related) 2019-10-02 - Referred to the Subcommittee on Health.

Subjects


US Congress State Sources


Bill Comments

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