Physician Practice

Tweaked $6.3 billion Cures Act bill heads to Senate

Physician Practice Insider, December 13, 2016

The U.S. House of Representatives this week passed the complex and controversial 21st Century Cures Act by a vote of 392 to 26, opening the door to sweeping changes in healthcare policy ranging from funding for biomedical research to the speed with which the Food and Drug Administration approves new drugs and devices.

"Like all comprehensive legislation, the bill is not perfect, and there are provisions the Administration would prefer were improved, but the legislation offers advances in health that far outweigh these concerns," the White House said Tuesday.

HR 34 is expected to pass through the Senate to receive the President's signature promptly, according to the Office of the Press Secretary. A previous version of the legislation stalled in the Senate before Congress's election-year summer session.

The latest iteration spans 996 pages and designates $6.3 billion in spending over the next decade. Funding for the bill comes from reallocation of funds previously allocated for the Strategic Petroleum Reserve, the Affordable Care Act's Prevention and Public Health Fund, and territory funding. Other offsets include Medicare and Medicaid payment changes.

This article originally appeared on HealthLeaders Media.

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