3.0.0 3457 2023-01-11T13:33:30Z 2023-01-11T13:33:30Z Senate S 2016-09-28 114 ssfi00 Finance Committee Senate Standing Referred to 2016-09-28T23:12:13Z 2016-09-28 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. IntroReferral 2016-09-28 Introduced in Senate IntroReferral 10000 9 Library of Congress G000562 Sen. Gardner, Cory [R-CO] Cory Gardner R CO N C001088 Sen. Coons, Christopher A. [D-DE] Christopher Coons D DE A. 2016-09-28 True Health Health 00 2016-09-28 Introduced in Senate 2017-05-18T18:31:41Z Reducing Medicare Costs through Innovation Act

This bill establishes a Medicare commercialization grant program, through which the Centers for Medicare & Medicaid Services (CMS) shall award grants to eligible small businesses for certain activities related to developing novel eligible medical products and receiving Food and Drug Administration (FDA) approval for such products. CMS shall solicit grant applications annually, with a focus on the diseases or conditions that are the top ten cost drivers in the Medicare program.

To carry out the grant program, CMS shall use amounts allocated under the Small Business Act for the Small Business Innovation Research and Small Business Technology Transfer programs.

The bill also establishes a pilot program (similar to a pilot program that was previously established in regulation) for parallel review of medical products with the purpose of reducing, with respect to certain medical products developed by Medicare commercialization grant recipients, the timeline for FDA approval and Medicare national coverage determinations.

A Medicare commercialization grant applicant may choose to apply for FDA approval of novel medical products either through a traditional process or through the pilot program.

]]> Reducing Medicare Costs through Innovation Act Display Title Reducing Medicare Costs through Innovation Act Official Title as Introduced A bill to establish Centers for Medicare & Medicaid Services SBIR or STTR program grants which shall be known as Medicare commercialization grants. Introduced in Senate IS Short Titles as Introduced Reducing Medicare Costs through Innovation Act Introduced in Senate 2016-09-28T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-114s3457is/xml/BILLS-114s3457is.xml 2016-09-28 Read twice and referred to the Committee on Finance. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.