New Opportunities for Value that Extend Lives Act of 2021
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in senate (Jul 21, 2021)
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.
What just happenedJul 21, 2021
Read twice and referred to the Committee on Finance.
Who’s behind it
- Introduced in SenateJul 21, 2021
- Jul 21, 2021IntroReferral
Read twice and referred to the Committee on Finance.
Finance Committee - Jul 21, 2021IntroReferral10000
Introduced in Senate