PLASMA Act
Official title: A bill to amend title XVIII of the Social Security Act to provide a phase-in for plasma-derived products under the manufacturer discount program.
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Read twice and referred to the Committee on Finance.
Preserving Life-saving Access to Specialty Medicines in America Act or the PLASMA Act
This bill phases-in certain price adjustments for plasma-derived products under the Medicare prescription drug benefit's Manufacturer Discount Program.
Current law requires manufacturers of covered drugs under the Medicare prescription drug benefit to provide a 10% discount for covered drugs during the initial coverage phase (i.e., before a beneficiary reaches the out-of-pocket spending threshold) and a 20% discount during the catastrophic coverage phase (i.e., after a beneficiary reaches the out-of-pocket spending threshold).
The bill phases-in discounts for plasma-derived products over several years, starting with a 1% discount in 2026 for both the initial and catastrophic coverage phases, and ending with a 10% discount beginning in 2030 for the initial coverage phase and a 20% discount beginning in 2032 for the catastrophic coverage phase.
- Introduced in Senate Formatted Text PDF Formatted XML
- SPLITOAK STRATEGIES LLC
- THE NICKLES GROUP, LLC
- GRIFOLS SHARED SERVICES NORTH AMERICA, INC.
- SPLITOAK STRATEGIES LLC
- THE NICKLES GROUP, LLC
- GRIFOLS SHARED SERVICES NORTH AMERICA, INC.
Bodies those filers lobbied
- HOUSE OF REPRESENTATIVES
- SENATE
- Centers For Medicare and Medicaid Services (CMS)
- Executive Office of the President (EOP)
- Office of Management & Budget (OMB)
- Treasury, Dept of
Cite this page
U.S. Congress. (2026). S. 694: PLASMA Act. 119th Congress. Open America. https://openamerica.io/bill/119-S-694/
"S. 694: PLASMA Act." 119th Congress, 2026, Open America, https://openamerica.io/bill/119-S-694/.
S. 694, 119th Cong. (2026), https://openamerica.io/bill/119-S-694/.
[S. 694: PLASMA Act](https://openamerica.io/bill/119-S-694/)