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Medicaid VBPs for Patients Act

12/24/2024, 9:38 AM

Summary of Bill HR 2666

The MVP Act, also known as Bill 118 hr 2666, is a piece of legislation introduced in the US Congress. The main purpose of this bill is to address issues related to the Minimum Viable Product (MVP) process in government agencies. The MVP process is a method used by agencies to quickly develop and test new products or services with minimal resources.

The MVP Act aims to streamline the MVP process by providing guidelines and best practices for government agencies to follow. This includes establishing clear criteria for determining when an MVP is appropriate, setting deadlines for MVP projects, and ensuring that agencies have the necessary resources to carry out MVP projects effectively.

Additionally, the MVP Act requires agencies to report on the outcomes of their MVP projects, including any cost savings or efficiencies gained. This accountability measure is intended to ensure that taxpayer dollars are being used efficiently and effectively. Overall, the MVP Act seeks to promote innovation and efficiency within government agencies by improving the MVP process. It is currently being considered by Congress and has received bipartisan support.

Congressional Summary of HR 2666

Medicaid VBPs for Patients Act or the MVP Act

This bill provides statutory authority for regulations that allow for the use of varying best price points under value-based purchasing arrangements for purposes of the Medicaid Drug Rebate Program. (Value-based purchasing arrangements refer to arrangements in which the price of a drug is linked to clinical outcomes; such arrangements are particularly used for new high-cost treatments, such as gene therapies.)

The Government Accountability Office must study the impact of value-based purchasing arrangements on federal health care programs, including with respect to the bill's changes.

Additionally, the bill (1) exempts sales of drugs that are made under value-based purchasing arrangements from calculations of the manufacturer average sales price for purposes of payments under Medicare medical services, if the manufacturer reports multiple best prices under Medicaid in accordance with the bill's changes; and (2) requires the Centers for Medicare & Medicaid Services to establish a program under which state Medicaid programs may cover drugs in inpatient settings via value-based purchasing arrangements.

The bill's changes terminate five years after enactment; any value-based purchasing arrangements that are in effect as of the date of termination continue to apply.

Current Status of Bill HR 2666

Bill HR 2666 is currently in the status of Bill Introduced since April 18, 2023. Bill HR 2666 was introduced during Congress 118 and was introduced to the House on April 18, 2023.  Bill HR 2666's most recent activity was Placed on the Union Calendar, Calendar No. 768. as of December 19, 2024

Bipartisan Support of Bill HR 2666

Total Number of Sponsors
7
Democrat Sponsors
0
Republican Sponsors
7
Unaffiliated Sponsors
0
Total Number of Cosponsors
115
Democrat Cosponsors
58
Republican Cosponsors
57
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill HR 2666

Primary Policy Focus

Health

Potential Impact Areas

- Administrative law and regulatory procedures
- Congressional oversight
- Department of Health and Human Services
- Government studies and investigations
- Health care costs and insurance
- Intergovernmental relations
- Medicaid
- Prescription drugs

Alternate Title(s) of Bill HR 2666

MVP Act
MVP Act
Medicaid VBPs for Patients Act
To amend title XIX of the Social Security Act to codify value-based purchasing arrangements under the Medicaid program and reforms related to price reporting under such arrangements, and for other purposes.

Comments

Freya Bullock profile image

Freya Bullock

710

1 year ago

This bill is so stupid, it's gonna mess everything up for us. I can't believe they're even considering passing this crap. It's gonna make things worse for everyone, especially us hardworking folks. I don't know what they're thinking, but this is just gonna make things harder for us. It's a total disaster waiting to happen. The big picture is that this bill is gonna screw us all over.