The bill creates a new “breakthrough device” designation and a 4-year transitional Medicare coverage period for such devices. It sets rules for when Medicare will pay for a designated breakthrough device during that transition, requires faster review of coverage requests, and gives $10 million per year to the Centers for Medicare & Medicaid Services (CMS) to carry out the changes. The broad goal is to speed Medicare patient access to medical devices that received priority review from the Food and Drug Administration (FDA).
Key changes:
Medicare patients
Device manufacturers
Hospitals and clinicians
CMS and federal administrators
Taxpayers
Estimated public cost: $10,000,000 per year for each fiscal year 2025 through 2030 is specifically appropriated to CMS’s Program Management Account.
If you need a formal budget estimate or actuarial numbers, no such fiscal note is included in the bill text provided.
The bill appears intended to:
One concern is that the bill leaves several practical questions unanswered and may increase costs or risks:
What is unclear: