,i #aafth ,,congress #ast ,session ,h4 ,r4 #ddee ,,in ,,the ,,house ,,of ,,representatives ,september #bj1 #bjai,mr4 ,schrader 7for himself and ,mr4 ,gianforte7 introduced the following bill2 which was referred to the ,committee on ,energy and ,commerce1 and in addition to the ,committee on ,ways and ,means1 for a period to be subsequently determined by the ,speaker1 in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned ,a ,,bill ,to amend title ,,xviii of the ,social ,security ,act to provide for a temporary payment increase under the ,medicare program for certain biosimilar biological products to encourage the development and use of such products4 #a4 ,short title ,this ,act may be cited as the ,bolstering ,innovative ,options to ,save ,immediately on ,medicines ,act or the ,,biosim ,act4 #b4 ,temporary increase in ,medicare part ,b payment for certain biosimilar biological products ,section #ahdg;,a7b77#h7 of the ,social ,security ,act 7#db ,u4,s4,c4 #aciew-#c;a7b77#h77 is amended-- 7#a7 by redesignating subparagraphs 7,a7 and 7,b7 as clauses 7i7 and 7ii71 respectively1 and moving the margin of each such redesignated clause #b ems to the right2 7#b7 by striking product4--,the amount and inserting the following3 8product4-- 7,a7 ,in general ,subject to subparagraph 7,b71 the amount 2 and 7#c7 by adding at the end the following new subparagraph3 7,b7 ,temporary payment increase 7i7 ,in general ,in the case of a qualifying biosimilar biological product that is furnished during the applicable #e-year period for such product1 the amount specified in this paragraph for such product with respect to such period is the sum determined under subparagraph 7,a71 except that clause 7ii7 of such subparagraph shall be applied by substituting #h percent for #f percent4 7ii7 ,applicable #e-year period ,for purposes of clause 7i71 the applicable #e-year period for a biosimilar biological product is-- 7,i7 in the case of such a product for which payment was made under this paragraph as of ,december #ca1 #bjai1 the #e-year period beginning on ,january #a1 #bjbj2 and 7,,ii7 in the case of such a product for which payment is first made under this paragraph during a calendar quarter during the period beginning ,january #a1 #bjbj1 and ending ,december #ca1 #bjbd1 the #e-year period beginning on the first day of such calendar quarter during which such payment is first made4 7iii7 ,qualifying biosimilar biological product defined ,for purposes of this subparagraph1 the term qualifying biosimilar biological product means a biosimilar biological product described in paragraph 7#a77;,c7 with respect to which-- 7,i7 in the case of a product described in clause 7ii77,i71 the average sales price is not more than the average sales price for the reference biological product2 and 7,,ii7 in the case of a product described in clause 7ii77,,ii71 the wholesale acquisition cost is not more than the wholesale acquisition cost for the reference biological product 4