Referred to the Committee on Energy and Commerce, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Summary
The FAIC Act adds a rule that Medicare must pay for certain cancer drugs on their own, rather than bundling them into a general outpatient payment. It applies to drugs approved after 2008 that cost at least $350 per day on average. The change is meant to protect Medicare beneficiaries’ access to the newest cancer treatments.
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