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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. This could give patients more treatment options and potentially lower healthcare costs. A pilot program will evaluate the benefits of additional payments to providers who choose biosimilar drugs.
Key points
Establishes a 3-year nationwide demonstration project under Medicare to encourage the use of more affordable biosimilar drugs.
Healthcare providers may receive additional payments for choosing biosimilar drugs over more expensive reference products.
Participation in the project is voluntary, and additional payments will not increase costs for Medicare beneficiaries.
The goal is to reduce healthcare costs and improve access to medications for Medicare recipients.
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Additional Information
Increasing Access to Biosimilars Act of 2023
Print number: HR 1352
Sponsor: Rep. Hudson, Richard [R-NC-9]
Process start date: 2023-03-03