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Increasing Access to Biosimilars Act of 2023

Source: Congress.gov  ·  1,322 words in original text
This bill requires the Secretary of Health and Human Services to create and run a 3-year test program within Medicare Part B (a part of Medicare that covers certain medical services). The test program will pay extra money to doctors and providers who give patients biosimilar biological products (cheaper versions of expensive biological drugs) to see if this increases patient access to these drugs.
- Doctors and medical providers who participate in the program - Medicare beneficiaries (people enrolled in Medicare Part B) - The Secretary of Health and Human Services
- The Secretary must establish the demonstration project no later than 1 year after the bill becomes law and run it for 3 years nationwide under Medicare Part B (Sec. 2(a)) - Participation is voluntary and providers can quit at any time; the Secretary can also remove providers from the program at any time (Sec. 2(b)(1)) - Any provider who applies gets selected automatically to participate in the program (Sec. 2(b)(2)) - Participating providers receive an additional payment on top of normal Medicare payment based on the cost difference between biosimilar drugs and the original expensive drugs they replace (Sec. 2(d)(1)) - The additional payment cannot increase what Medicare patients have to pay out of pocket (Sec. 2(d)(2)) - The Secretary must report to Congress 3 years after the bill passes with analysis of whether to expand or extend the program (Sec. 2(f)(1))
If this becomes law, Medicare will begin offering extra payments to healthcare providers who use cheaper biosimilar biological products instead of original expensive biological products for Medicare patients. This extra payment aims to reward providers for switching patients to these lower-cost alternatives.
- Biosimilar biological product: A drug approved as a cheaper copy of an expensive biological drug, using some information from the original drug's approval - Eligible provider: A doctor or medical supplier approved to receive Medicare payment for providing biosimilar biological products - Medicare beneficiary: A person enrolled in Medicare Part B - Participating provider: An eligible provider selected for and currently in the program - Reference biological product: The original expensive biological drug that the biosimilar copies
The demonstration project must begin no later than 1 year after the bill becomes law (Sec. 2(a))
Important: This plain English summary was generated by AI and is provided for informational purposes only. It is not legal advice. Always consult the official bill text on Congress.gov or a qualified attorney for legal matters.