A bill to amend titles XI and XVIII of the Social Security Act to provide for expedited coding and coverage of novel medical products, and for other purposes.
About This Bill
Committee
Latest Action · July 30, 2019
Read twice and referred to the Committee on Finance.
New Opportunities for Value that Extend Lives Act of 2019 or the NOVEL Act of 2019 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.
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