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Increased Access to Biosimilar Drugs in Medicare Program

This act establishes a pilot program to increase the availability of more affordable biosimilar drugs for individuals covered by Medicare. Through this program, healthcare providers can receive additional payments for using these drugs, which aims to encourage their wider adoption and potentially lower treatment costs for patients.
Key points
A 5-year pilot program aims to encourage the use of more affordable biosimilar drugs in Medicare.
Healthcare providers may receive extra payments for choosing biosimilar drugs if they are cheaper than original products.
Participation in the program is voluntary for providers, and Medicare patients could potentially pay less for biosimilar drugs.
Data on patients will be collected to assess the program's impact on various social groups.
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Additional Information
Increasing Access to Biosimilars Act of 2021
Print number: S 1427
Sponsor: Sen. Cornyn, John [R-TX]
Process start date: 2021-04-28