American Medical Innovation and Investment Act of 2024

Hozzl · 2024-12-28T09:05:38Z

Explore the details of House Bill 8816 American Medical Innovation and Investment Act of 2024 currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Health. Stay informed on legislative developments.

12/28/2024, 9:05 AM

Summary of Bill HR 8816

Bill 118 hr 8816, also known as the American Medical Innovation and Investment Act of 2024, is a piece of legislation currently being considered by the US Congress. The main goal of this bill is to promote innovation and investment in the medical field in order to improve healthcare outcomes for Americans.

One key provision of the bill is the establishment of a grant program to support research and development in medical technology and treatments. This program would provide funding to researchers and companies working on cutting-edge medical advancements, with the goal of bringing new and improved treatments to market more quickly.

Additionally, the bill includes measures to streamline the regulatory process for new medical products, making it easier for companies to get their innovations approved by the FDA. This is intended to encourage more investment in medical research and development, ultimately leading to better healthcare options for patients. The American Medical Innovation and Investment Act of 2024 also includes provisions to increase transparency and accountability in the healthcare industry, with the goal of reducing costs and improving access to care for all Americans. This includes measures to promote price transparency for medical services and medications, as well as efforts to combat fraud and abuse in the healthcare system. Overall, this bill aims to foster innovation and investment in the medical field, with the ultimate goal of improving healthcare outcomes for Americans. It is currently being debated in Congress, with supporters arguing that it will lead to better treatments and lower costs, while opponents raise concerns about potential conflicts of interest and the impact on healthcare access for vulnerable populations.

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Current Status of Bill HR 8816

Bill HR 8816 is currently in the status of Bill Introduced since June 25, 2024. Bill HR 8816 was introduced during Congress 118 and was introduced to the House on June 25, 2024. Bill HR 8816's most recent activity was Reported (Amended) by the Committee on Ways and Means. H. Rept. 118-958, Part I. as of December 27, 2024

Bipartisan Support of Bill HR 8816

Total Number of Sponsors

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

Democrat Cosponsors

Republican Cosponsors

Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill HR 8816

Primary Policy Focus

Health

Potential Impact Areas

Advanced technology and technological innovationsCongressional oversightGovernment information and archivesHealth care costs and insuranceHealth care coverage and accessHealth promotion and preventive careHealth technology, devices, suppliesHome and outpatient careMedicareNeurological disordersPrescription drugs

Alternate Title(s) of Bill HR 8816

American Medical Innovation and Investment Act of 2024American Medical Innovation and Investment Act of 2024To amend title XVIII of the Social Security Act to provide for a cognitive impairment detection benefit under the Medicare program, and for other purposes.

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Comments

Sponsors and Cosponsors of HR 8816

Vern Buchanan

Florida(Republican)

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