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Increasing Access to Biosimilar Drugs in Medicare Program

This act aims to increase the availability of more affordable biosimilar drugs for individuals covered by Medicare. It establishes a pilot program to encourage healthcare providers to use these drugs more frequently, potentially lowering treatment costs for patients and the healthcare system.
Key points
Pilot Program: A 3-year program will be established to evaluate the benefits of additional payments to providers for using biosimilar drugs.
No Increased Patient Costs: Additional payments to providers will not increase Medicare beneficiaries' out-of-pocket costs.
Voluntary Participation: Provider participation in the program is voluntary, and they can withdraw at any time.
Reports to Congress: The Secretary of Health and Human Services will regularly report to Congress on the program's results, potentially leading to its expansion.
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Additional Information
Increasing Access to Biosimilars Act of 2021
Print number: HR 2869
Sponsor: Rep. Cárdenas, Tony [D-CA-29]
Process start date: 2021-04-28