Value Based Insurance Design Seniors Copayment Reduction Act of 2015
Directs the Department of Health and Human Services (HHS) to establish a demonstration program to test Value-Based Insurance Design methodologies in Medicare Advantage plans under part C (Medicare+Choice) of title XVIII (Medicare) of the Social Security Act for beneficiaries with chronic clinical conditions.
Defines "value-based insurance design methodology" as one for identifying specific prescription medications and clinical services for which copayments or coinsurance should be reduced or eliminated due to the high-value and effectiveness of such medications and services for specific clinical conditions.
Directs HHS to expand the demonstration program, except in certain circumstances, by issuing regulations to implement, on a permanent basis, those components that are beneficial to Medicare beneficiaries and the Medicare program.
| Action Date | Type | Text | Source |
|---|---|---|---|
| 2015-05-20 | IntroReferral | Read twice and referred to the Committee on Finance. | Senate |
| 2015-05-20 | IntroReferral | Introduced in Senate | Library of Congress |