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Faster Access to Innovative Medical Technologies for Seniors

This act aims to accelerate Medicare beneficiaries' access to new, breakthrough medical technologies. It will allow innovative medical devices to be made available to patients more quickly, potentially improving their healthcare quality and treatment outcomes. These changes are designed to ensure that the latest medical advancements reach those in need without unnecessary delays.
Key points
Expedited introduction of innovative medical devices into the Medicare program, meaning patients will have earlier access to them.
Enabling conditional approval for breakthrough medical devices under the Medicare New Technology Add-On Payment (NTAP) program, even if the full FDA approval process is not yet complete.
The changes are intended to be budget-neutral, meaning they should not generate additional costs for taxpayers within the Medicare program.
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Additional Information
Patient Access to Innovative New Technologies Act of 2024
Print number: HR 7939
Sponsor: Rep. Carey, Mike [R-OH-15]
Process start date: 2024-04-11