,,ii #aahth ,,congress #b;d ,session ,s4 #dgda ,,in ,,the ,,senate ,,of ,,the ,,united ,,states ,july #bc1 #bjbd,mr4 ,tillis 7for himself and ,mr4 ,kelly7 introduced the following bill2 which was read twice and referred to the ,committee on ,finance ,a ,,bill ,to amend title ,,xviii of the ,social ,security ,act to provide a phase-in for plasma-derived products under the manufacturer discount program4 #a4 ,short title ,this ,act may be cited as the ,preserving ,life-saving ,access to ,specialty ,medicines in ,america ,act or the ,,plasma ,act4 #b4 ,phase-in for plasma-derived products under manufacturer discount program ,section #ahfj;,d-#ad;,c7g77#d7 of the ,social ,security ,act 7#db ,u4,s4,c4 #aciew-#aad;c7g77#d77 is amended-- 7#a7 in subparagraph 7,a71 in the matter preceding clause 7i71 by striking and 7,c7 and inserting 1 7,c71 and 7,d72 7#b7 by redesignating subparagraphs 7,d7 and 7,e7 as subparagraphs 7,e7 and 7,f71 respectively2 and 7#c7 by inserting after subparagraph 7,c7 the following3 7,d7 ,phase-in for plasma-derived products 7i7 ,in general ,in the case of an applicable drug that is a plasma-derived product 7as defined in clause 7ii771 and that is marketed as of the date of enactment of this subparagraph and dispensed for an applicable beneficiary1 the term discounted price means the specified plasma-derived product percent 7as defined in clause 7iii77 of the negotiated price of the applicable drug of the manufacturer4 7ii7 ,plasma-derived product ,in this subparagraph1 the term plasma-derived product means an applicable drug that is a biological product that is derived from human whole blood or plasma4 7iii7 ,specified plasma-derived product percent ,in this subparagraph1 the term specified plasma-derived product percent means1 with respect to a year-- 7,i7 for an applicable drug that is as a plasma-derived product dispensed for an applicable beneficiary who has not incurred costs1 as determined in accordance with section #ahfj;,d-#b7;b77#d77;,c71 for covered part ,d drugs in the year that are equal to or exceed the annual out-of-pocket threshold specified in section #ahfj;,d-#b7;b77#d77;,b77i7 for the year1 the percent specified under subparagraph 7,b77iii77,i7 for such year2 and 7,,ii7 for an applicable drug that is as a plasma-derived product dispensed for an applicable beneficiary who has incurred costs1 as determined in accordance with section #ahfj;,d-#b7;b77#d77;,c71 for covered part ,d drugs in the year that are equal to or exceed the annual out-of-pocket threshold specified in section #ahfj;,d-#b7;b77#d77;,b77i7 for the year1 the percent specified under subparagraph 7,b77iii77,,ii7 for such year4 4