A bill to amend title XVIII of the Social Security Act to provide for expedited coding and coverage of novel medical products, and for other purposes.
New Opportunities for Value that Extend Lives Act of 2021 or the NOVEL Act of 2021
This bill establishes a process for expediting the assignment of Healthcare Common Procedure Coding System (HCPCS) codes to medical products that have been designated as a breakthrough product or regenerative advanced therapy by the Food and Drug Administration; it also establishes a process for determining coverage under Medicare of such breakthrough products that have been assigned HCPCS codes.
Introduced in Senate
Read twice and referred to the Committee on Finance.
checking server…
Ask anything about this bill. The AI reads the full text to answer.
Enter to send · Shift+Enter for new line