H. R. 1476 proposes an amendment to title XVIII of the Social Security Act to implement a gradual phase-in for plasma-derived products under the manufacturer discount program. This legislation, known as the “PLASMA Act,” establishes specific percentage discounts on these...
Simple Explanation
H. R. 1476 is about changing the rules so that people who make special medicines from plasma give smaller and smaller discounts on those medicines each year, starting from 2026. However, some medicines and companies aren't included in this change, which might make prices unfair between different groups.